FxWirePro:Nikkei225 takes support near 100- day EMA, good to sell on rallies
Major support - 18823 (100- day EMA). Major resistance - 19300 (daily Kijun-Sen). Nikkei rose from the low of 18867 as investors shrugged off the failure of Trump health care bill . The index rose till 19202 at the time …
Nikkei rose from the low of 18867 as investors shrugged off the failure of Trump health care bill . The index rose till 19202 at the time of writing. It is currently trading at 19176 at 0.31% lower.
USD/JPY shown a minor recovery after making a low of 110.11. The further weakness can be seen below 110 level.It is currently trading around 110.64.
• On the lower side , 18823 (100- day MA) and any break below will drag the index till 18650/18230.
•The major resistance is around 19200 (55- day EMA) and any break above will take the index till 19300 (daily Kijun-Sen)/19600/19698.
It is good to sell on rallies around 19150-170 with SL around 19300 for the TP of 18800/18630.
