Thursday, October 15, 2026

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FxWirePro: Nikkei225 faces strong resistance at 16600, good to buy at dips

Major Support -16178 (55 day EMA) Major Intraday resistance- 16640 (Cloud top) ​ Nikkei225 is trading in narrow range between 16399 and 16640 It is currently trading around 16546. The index upside upside has been capped …

By FxWire Pro
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FxWirePro: Nikkei225 faces strong resistance at 16600, good to buy at dips
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  • Major Support -16178 (55 day EMA) 
     
  • Major Intraday resistance- 16640 (Cloud top) 
    ​
  • Nikkei225 is trading in narrow range between 16399 and 16640  It is currently trading around 16546.
     
  • The index upside upside has been capped by ichimoku cloud (16640) and any break above confirms further bullishness.
     
  • On the lower side immediate support is around 16178 (55 EMA) and any break below targets 16000/15830.
     
  • The Nikkei225 is facing resistance around 16640  and any break above targets 16850/17000/17250. 

    It is good to buy on dips around 16400 with SL around 16165 for the TP of 16840/17000.

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By FxWirePro Team