FxWirePro: Nikkei225 recovers after making a low of 15500,good to sell on r

• Major Support - 15000 (200 W MA)
   
• Major resistance - 16050 (55 4H EMA)
   
• The index has slightly recovered after making a low of 15513. It  is currently  trading around 15920.Short term trend is slightly weak as long as resistance 16050 holds .
   
• The index minor support is around 15500 and break below will drag the index down till 15300/15000/14750 in the short term..On the higher side major resistance is around 16050 and break above targets 16300/16420.
   
• The index short term resistance is around 16450 (7 W EMA) and break above targets 16800/17000/17300.
   
•  Short term bearish invalidation only above 17300.

 It is good to sell on rallies around 15850-900 with SL around 16050 for the TP of 15500/15330.