Nikkei broken the high made on Feb 10th 2017 at 19458 and jumped till 19518 at the time of writing on account of weaker yen. Nikkei should break below 60- day EMA for minor trend reversal.It is currently trading at 19503 0.78% higher.
•The index is trading slightly stronger on account of weaker yen and the pair has jumped slightly above the major resistance of 113.50 (21- day MA). It's major resistance is around 115 and minor bullishness can be seen above that level.
• On the lower side , 19280 (30 - H EMA) is acting as next immediate support and any break below targets 19035 (200- H MA)/18850.
•The major weekly resistance is around 19566 (26th Jan 2017 high) and any break above will take the index till 19698/2000
It is good to buy on dips around 19350 with SL around 19200 for the TP of 19566/19698.
