Major support - 18823 (100- day EMA).
Major resistance - 19364 (61.8% retracement of 19669 and 18867).
Nikkei consolidates in narrow range between 18867 and 19341 for the past three trading session. It is currently trading at 19128 at 0.13% lower.
USD/JPY is facing minor resistance at 23.6% fibo and any break above confirms further bullishness. Minor weakness can be seen below 110 level.It is currently trading around 111.26.
On the lower side , 18823 (100- day MA) and any break below will drag the index till 18650/18230.
•The major resistance is around 19365 (61.8% retracement of 19669 and 18867) and any break above will take the index till 19600/19698.
It is good to sell on rallies around 19250-270 with SL around 19365 for the TP of 19000/18800/18630.
