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EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 
Nikkei225 is trading in narrow range between 19653 and 19318 on low volumes due to Christmas holiday. The index shown a dip till 19318 and slightly recovered from that level. It is currently trading around 19421 0.03% lower.
•Technically index is expected to trade higher as long as support 19200 holds.
•On the higher side, major resistance is around 19700 (161.8% retracement of 19542 and 19273) and any break above will take the index till 20000/20280 in the short term.
•The index immediate support is at 19290 (55-4H EMA) and any break below will drag the index down 19000/19000 (100- 4H EMA).
•The index should break below 18000 for further weakness.
It is good to buy on dips around 19200 with SL around 19200 for the TP of 19700/20000.
