Thursday, October 15, 2026

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FxWirePro: Nikkei faces strong resistance at 15500, good to sell on rallies

Major support -14770 (Feb 2nd 2016) Major Intraday resistance- 15500 (200 H EMA) ​ Nikkei225 recovers sharply till 15408 at the time of writing after making a low of 15101.It is currently trading around 15315. The intrad…

By FxWire Pro
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FxWirePro: Nikkei faces strong resistance at 15500, good to sell on rallies
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  • Major support -14770 (Feb 2nd 2016) 
     
  • Major Intraday resistance- 15500 (200 H EMA) 
    ​
  • Nikkei225 recovers sharply till 15408 at the time of writing after making a low of 15101.It is currently trading around 15315.
     
  • The intraday trend is weak as long as resistance 15500 (200 HMA) holds.
     
  • On the lower side immediate support is around 15180 (61.8% retracement of 14823 and 15795) and any break below targets 15000/14823(Jun 24th low).
     
  • The Nikkei225 is facing resistance around 15500 (200 HMA)  and any break above targets 15800/16000. 

    It is good to sell on rallies around 15350-380 with SL around 15600 for the TP of 15000/14850

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By FxWirePro Team