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Add as a preferred source on Google FxWirePro: Nikkei225 faces strong resistance around 15800, good to buy at dips Major Intraday support – 15380 (4H Kijun-Sen) Major support -14770 (Feb 2nd 2016) Major Intraday resistance- 15825 (90 H EMA) Nikkei225 has jumped till 15749 today morning and slightly declined from that level.It is curr…
By FxWire Pro Jul 1, 2016, 2:26 AM UTC
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Major Intraday support – 15380 (4H Kijun-Sen)
Major support -14770 (Feb 2nd 2016)
Major Intraday resistance- 15825 (90 H EMA)
Nikkei225 has jumped till 15749 today morning and slightly declined from that level.It is currently trading around 15659.
The index is struggling to break above 15825 (90 4H EMAt) and it should break above that level for further bullishness.
On the lower side immediate support is around 15500 (21 4H MA) and any break below targets 15380/15250/14990.
The Nikkei225 is facing resistance around 15825 (90 4H EMA) and any break above targets 16250/16480.
It is good to buy at dips around 15550 with SL around 15380 for the TP of 15900/16250
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