Nikkei trades lower on Trumpcare faliure,good to sell on rallies
Major support - 18823 (100- day EMA).
Major resistance - 19300 (daily Kijun-Sen).
Nikkei declined sharply after hitting 19300 level on Friday on account of Trump healthcare setback. It is currently trading at 18977 1.27% lower.
Asian stock markets started with cautious note after Trump healthc failed to pass health care reform bill through a seemingly friendly Congress.
USD/JPY declined sharply after Trump healthcare flops and the pair breaks low formed on Friay. It is currently trading around 110.38.
• On the lower side , 18823 (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 19300 (daily Kijun-Sen)/19600/19698.
It is good to sell on rallies around 19000-19030 with SL around 19200 for the TP of 18800/18630.
Major resistance - 19300 (daily Kijun-Sen).
Nikkei declined sharply after hitting 19300 level on Friday on account of Trump healthcare setback. It is currently trading at 18977 1.27% lower.
Asian stock markets started with cautious note after Trump healthc failed to pass health care reform bill through a seemingly friendly Congress.
USD/JPY declined sharply after Trump healthcare flops and the pair breaks low formed on Friay. It is currently trading around 110.38.
• On the lower side , 18823 (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 19300 (daily Kijun-Sen)/19600/19698.
It is good to sell on rallies around 19000-19030 with SL around 19200 for the TP of 18800/18630.