Thursday, October 15, 2026

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FxWirePro: Nikkei225 faces strong resistance at 17000, good to sell on rallies

Major Support -16424 (90 day EMA) Major Intraday resistance- 17000 ​ Nikkei225 has retreated after making a high of 16930 yesterday.It is currently trading around 16632. The index is facing psychological resistance at 17…

By FxWire Pro
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FxWirePro: Nikkei225 faces strong resistance at 17000, good to sell on rallies
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  • Major Support -16424 (90 day EMA) 
     
  • Major Intraday resistance- 17000  
    ​
  • Nikkei225 has retreated after making a high of 16930 yesterday.It is currently trading around 16632.
     
  • The index is facing psychological resistance at 17000 and any break above confirms further bullishnes.
     
  • On the lower side immediate support is around 16520 (7 day EMA) and any break below targets 16420 (90 day EMA)/16230 (55 dy EMA).
     
  • The Nikkei225 is facing resistance around 17000  and any break above targets 17250/17480. 

    It is good to sell on rallies around 16850 with SL around 17000 for the TP of 16425/16210.

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