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 h…
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.
