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Nikkei225 breaks major support 90 EMA, targets 16000

Tuesday, July 26, 2016 2:45 AM UTC

Major Support -16430 (90 day EMA)
Major Intraday resistance- 17000
Nikkei225 has broken major support 16430 and declined till 16334 at the time of writing on the account of stronger yen.It is currently trading around 16354.
The index is facing psychological resistance at 17000 and any break above confirms further bullishness.
On the lower side immediate support is around 16270 (55 day EMA) and any break below targets 16000/15700.
The Nikkei225 is facing resistance around 16800 and any break above targets 17000/17250/17480. The minor resistance is around 15560.

It is good to sell on rallies around 16430 with SL around 16600 for the TP of 16000/15820.

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Nikkei225 breaks major support 90 EMA, targets 16000

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