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Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900

FxWirePro: GBP/AUD gives up early gains after UK GDP shock

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FxWirePro- Major European Indices

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FxWirePro: EUR/AUD trends higher, but faces potential pitfalls

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FxWirePro- Major Pair levels and bias summary

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FxWirePro- Major Pair levels and bias summary

UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?

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Nikkei Daily Outlook

Thursday, June 22, 2017 3:22 AM UTC

Nikkei has slightly declined after hitting 2- year high of 20319 on account weak oil prices and equities sell off. The index slightly declined till 20064 yesterday . It is currently trading around 20124 0.03% lower.
USD declined slightly against JPY after hitting a high of 111.78. The pair is facing strong resistance at 111.85 (100- MA) and any break above confirms bullish continuation.It is currently trading around 20124.
On the lower side, near term support is around 20080 (4 Hour Kijun-sen) and any break below will drag the index down till 19971 (100- 4HMA)/19850 (200- 4HMA)/19740 (Jun 15th 2017 low).
The near term resistance of Nikkei is around 20477 (161.8% retracement of 20019 and 19277) and break above will take the index to recent high of 20530 (161.8% retracement of 20220 and 19744)/20649 (161.8% retracement of 19698 and 18193).
Short term bullish invalidation only below 19275

It is good to buy on dips around 20000 with SL around 19740 for the TP of 20470/20650.

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