Nikkei225 faces strong resistance 17000,break above targets 17685

• Major resistance  - 16985 (100 day EMA)
   
• Major support - 16410 (100 day 4H MA)
   
• Nikkei index  faces strong resistance at 17000 and is struggling to break above that level. It is currently trading around 16839.
   
• Short term trend is  slightly bullish as long as support 16400 holds.
   
• The index major resistance is around 17000 and any break above will take the index to next level 17300/17525.The minor resistance is at 16850. 
    
• On the lower side major support is around 16400 (100 day 4H MA)  and break below targets  till 16200/16000/15800 in short term.The minor support is around 16650(55 day EMA).
    
• Short term trend reversal  can be seen only below 15000.

It is good to buy above 17000 with SL around 16650 for the TP of  17525/17685