Nikkei225 shown a slight jump above 19000 but not able to hold at higher levels. The index shown a slight jump till 19133 at the time of writing.It is currently trading around 18998 0.23% lower.
•USD/JPY has jumped till 113.98 after making a low of 112.52. It's upside capped by 5- day MA and any break above targets 115/115.62.It is currently trading around 113.43.
•Technically index is facing strong support at 18620 (60 day EMA) and any close below that level will drag the index down till 18272 (89- day EMA).The minor support is around 18818.
•On the higher side, major intraday resistance is around 19225 (21- day MA) and any break above will take the index to 19298/19397 (61.8% retracement of 19698 and 18650).
•The index should break below 18000 for further weakness.
It is good to sell on rallies around 19050-19080 with SL around 19230 for the TP of 18500/18280
