Nikkei225 breaks major support 90 EMA, targets 16000

• 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.