23.03.201721:48:00UTC+00Fxwirepro:nikkei225 Trades Slightly Above 55- Day Ema, Good to Buy on Dips

Major support - 18823 (100- day EMA).
Major resistance - 19200 (55- day EMA).
Nikkei has taken support near 100- day EMA and jumped sharply from that level. It is currently trading at 19273 1.21% higher.
USD/JPY recovered after making a low of 110.62 level. It is currently trading around 111.36.
• 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 19320 (21- day EMA)/19600/19698.

It is good to buy on dips around 19200-225 with SL around 19000 for the TP of 19377/19600/19698.

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