Thursday, October 15, 2026

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FxWirePro: Nikkei225 struggles to close above 16500, good to buy on dips

Major Support -15833 (daily Kijun-Sen) Major Intraday resistance- 16640 (Cloud top) ​ Nikkei225 has jumped till 16536 yesterday and slightly declined from that level. It is currently trading around 16314. The index upsid…

By FxWire Pro
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FxWirePro: Nikkei225 struggles to close above 16500, good to buy on dips
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Major Support -15833 (daily Kijun-Sen) 

Major Intraday resistance- 16640 (Cloud top) 
​

  • Nikkei225 has jumped till 16536 yesterday and slightly declined from that level. It is currently trading around 16314.
     
  • The index upside upside has been capped by ichimoku cloud and any break above confirms further bullishness.
     
  • On the lower side immediate support is around 16160 (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 16000 with SL around 15800 for the TP of 16600/16840

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By FxWirePro Team