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FxWirePro- Major European Indices 
- Nikkei225 is trading slightly up 0.01 in the Asian session after declining sharply on Friday. Japanese index has made a low of 16727 yesterday yesterday and slightly recovered from that level.. It is currently trading around 16892.
- It has formed almost a double top at 16967 and started to decline from this level.
- Technically in the daily chart the index is trading slightly above 4 H Kijun-Sen (16742) but slightly below 4H Tenken-Sen (16805).But it should break above psychological level at 17000 for further bullsihness.
- On the higher side, resistance is around 16805 and any break above targets 17000/17159.Nikkei should break above 17159 for further bullishness.
- The major support is around 16680 (200-4 H MA )and any break below targets 16605 (100- 4H MA)/16500.
It is good to sell on rallies around 16900-950 with SL 17160 for the TP of 16610/16505
