• Nikkei hits 17 month yesterday after pro European candidate Macron won the race to be next president of France.The index rose almost 2.3% yesterday and closed at 19900.
   
• USD/JPY has broken the major resistance of 113.05 high made on May 5th and is currently trading around 113.26. Any break above 113.05 will take the pair till 115.50.
   
• On the  the lower side ,near term support is around 19515 (23.6% retracement of 18193 and 19924) and any break below targets 19440 (55-4H EMA)/ 19240 (100-4H EMA) is possible. 


• The major resistance is around 20000 and any break above will take the index till 20180/20470.
  
  t is good to buy on dips around 19700 with SL around 19480 for the TP of 20000/20180.