Thursday, October 15, 2026

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FxWirePro: Nikkei struggles to break above 15800, good to sell on rallies

Major Intraday support – 15580 (4H Kijun-Sen) Major support -14770 (Feb 2nd 2016) Major Intraday resistance- 15787 (90 4H EMA) Nikkei225 has retreated after making a high of 15795.It is currently trading around 15623. Th…

By FxWire Pro
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FxWirePro: Nikkei struggles to break above 15800, good to sell on rallies
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  • Major Intraday support – 15580 (4H  Kijun-Sen)
  • Major support -14770 (Feb 2nd 2016) 
  • Major Intraday resistance- 15787 (90 4H EMA) 
  • Nikkei225 has retreated after making a high of 15795.It is currently trading around 15623.
     
  • The index is struggling to break above 15800 (90 4H EMAt) and it should break above that level for further bullishness.
     
  • On the lower side immediate support is around 15580 (4H Kijun-Sen) and any break below targets 15380/15250/14990.
     
  • The Nikkei225 is facing resistance around 15800 (90 4H EMA)  and any break above targets 16250/16480. 

    It is good to sell on rallies around 15620-15635 with SL around 15820 for the TP of 15380/15200

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By FxWirePro Team