Major support - 19250 (trend line joining 18224 and 18638)
Nikkei has broken major support of 19250 and declined till 19027 at the time of writing on account of stronger yen. It is currently trading at 19043 0.36% lower.
USD declined against major pair yesterday. USD/JPY broken major 100- day EMA at 112.35 and shown a dip till 111.50. It is currently trading around 112.53.
• On the lower side , 18890 (100- day MA) and any break below will drag the index till 18650/18230.
•The major resistance is around 19200 (55- day EMA) and any break above will take the index till 19377 (21- day EMA)/19600.
It is good to sell on rallies around 19150-200 with SL around 19400 for the TP of 18900/18660
