Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: Nikkei225 faces strong resistance at 17200, good to sell on rallies

Major support -16500 ( 200 day 4 H EMA) Major Resistance - 17200 The index has retreated after making a high of is currently trading around 16616. The index is facing minor resistance around 16800 and any break above tar…

By Lis Howell
1 min read
FxWirePro: Nikkei225 faces strong resistance at 17200, good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • Major support -16500 ( 200 day 4 H EMA)
     
  • Major Resistance - 17200
     
  • The index has retreated after making a high of   is currently trading around 16616.
     
  • The index is facing minor resistance around 16800 and any break above targets 17030/17200.
     
  • On the lower side minor support is around 16500 and break below targets around 16200/16000/ minor support is around 16800.
     
  • Short term weakness can be seen only below 15500.

It is good to sell on rallies around 16950-17000 with SL around 17200 for the TP of 16500.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team