Nikkei225 shown a huge jump after breaking minor trend line resistance at 19200. The index jumped till 19363 at the time of writing. It is currently trading around 19356 0.72% higher.
•USD/JPY is struggling to break above 114 level .It's upside capped by 5- day MA and any break above targets 115/115.62.It is currently trading around 113.30.
•Technically index is facing strong support at 19025 (200- H MA) and any break below that level will drag the index down till 18818 /18668 (60- day EMA).The minor support is around 19160.
•On the higher side, major intraday resistance is around 19397 (61.8% retracement of 19698 and 18650) and any break above will take the index to 19500/19698.
•The index should break below 18000 for further weakness.
It is good to buy on dips around 19225-250 with SL around 19000 for the TP of 19698
