Thursday, October 15, 2026

Technicals

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FxWirePro: Nikkei225 faces strong support at 1600, good to buy at dips

Major resistance - 16985 (11 May High) Major support - 16410 (100 day 4H MA) Nikkei index has jumped till 16827 today morning in Asian session . It is currently trading around 16779. Short term trend is slightly bullish …

By FxWire Pro
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FxWirePro: Nikkei225 faces strong support at 1600, good to buy at dips
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  • Major resistance  - 16985 (11 May High)
     
  • Major support - 16410 (100 day 4H MA)
     
  • Nikkei index has jumped till 16827 today morning in Asian session . It is currently trading around 16779.
     
  • Short term trend is  slightly bullish as long as support 16400 holds.
     
  • The index major resistance is around 17000 and any break above will take the index to next level 17300/17525.The minor resistance is at 16850. 
      
  • On the lower side major support is around 16400 (100 day 4H MA)  and break below targets  till 16200/16000/15800 in short term.
      
  • Short term trend reversal  can be seen only below 15000.

    It is good to buy at dips  around 16600 with SL around 16400 for the TP of  17000/17200

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By FxWirePro Team