FxWirePro: Nikkei225 struggles to close above 17000,good to sell on rallies

Major Support -16428 (90 day EMA) 

Major Intraday resistance- 17000  
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• Nikkei225 has retreated after making a high of 16760 at the time of writing.It is currently trading around 16652.
   
• The index is facing psychological resistance at 17000 and any break above confirms further bullishness.
   
• On the lower side immediate support is around 16541 (7 day EMA) and any break below targets 16428 (90 day EMA)/16250 (55 dy EMA).
   
• The Nikkei225 is facing resistance around 17000  and any break above targets 17250/17480. 
  
  It is good to sell on rallies around 16850 with SL around 17000 for the TP of 16425/16210.