Nikkei showed a minor pullback on weak yen. It hit a high of 38826 at the time of writing and is currently trading around 38776.
The gains in the insurance, textile, and paper and pulp sectors mainly led to the jump. Markets eye Tokyo CPI data for further direction.
The index holds above short-term 34 and 55 EMA and long-term moving averages (200- EMA) in 4-hour chart.
The near-term resistance is around 38800, any violation above will take the index to 39000/39200/39500/40000. Overall bullish continuation only above 42550.
On the lower side, immediate support stands around 37650, any breach below will drag the index down to 37500/37200/37000/36800.Further bearishness only below 35000.
Indicator (4- hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish
It is good to buy on dips around 38200-250 with SL around 37750 for a TP of 36800.


FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary 



