FxWirePro: Nikkei225 struggles to close above 17000, good to buy at dips

• Major resistance  - 17170 (trend line joining 19990 and 17745 )
   
• Major support - 16650 (55 day EMA)
   
• Nikkei index  has made a high of 17037 and declined from that level.It is currently trading around 16962.
   
• Short term trend is  slightly bullish as long as support 16650 holds.
   
• The index major resistance is around 17170 and any break above will take the index to next level 17300/17525. 
    
• On the lower side major support is around 166500 (55 day EMA)  and break below targets  till 16410/16200/16000/15800 in short term.
    
• Short term trend reversal  can be seen only below 15000.

It is good to buy around 16850 with SL around 16650 for the TP of  17170/17525/17685