Nikkei225 trades well above 15500, targets 16250

FX:JPN225   Nikkei 225 Index
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Major Intraday support – 15580 (Hourly Kijun-Sen)

Major support -14770 (Feb 2nd 2016) 

Major Intraday resistance- 15720 (200 H MA) 

Nikkei225 has broken minor resistance at 15500 and jumped till 15795 . It is currently trading around 15700.

The index is trading slightly above 15682 (4 H Kijun-Sen) and it should break above 15850 (90 4H EMA ) for further bullishness.

On the lower side immediate support is around 15385 (21 4H MA) and any break below targets 15250/14990/147700. 

The Nikkei225 is facing resistance around 15850 (90 4H EMA )  and any break above targets 16250/16480. 

It is good to buy at dips around 15550 with SL around 15385 for the TP of 15900/16250
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