Major resistance - 19698 ( Jan 9th 2017)
Nikkei continued its third day of loosing streak form the high of 19669 made on Mar 2nd 2017 yesterday on account of slight bullishness in the Yen.It is currently trading at 19369 0.41% lower.
•USD/JPY has once again declined after showing a jump till 114.74 level.It is currently trading around 113.75.It's major resistance is around 115 and minor bullishness can be seen above that level.
• On the lower side ,19299 (21- day EMA) is acting as next immediate support and any break below targets 18980 (trend line joining 18224 and 18638)/18655 (100 -day EMA) .
•The major resistance is around 19698 (Jan 9th 2017 high) and any break above will take the index till 19917 (161.8% retracement of 19566 and 18986)/20000.
It is good to sell on rallies around 19500 with SL around 19700 for the TP of 19299/19000
