Thursday, October 15, 2026

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FxWirePro:Nikkei faces strong resistance at 17075, good to sell on rallies

Nikkei225 has broken psychological resistance at 17000 and jumped till 17061 yesterday on account of weaker yen.It is currently trading around 16856. The index is facing strong resistance at 17074 (90-W EMA) and any brea…

By FxWirePro Team
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FxWirePro:Nikkei faces strong resistance at 17075, good to sell on rallies
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  • Nikkei225 has broken psychological resistance at 17000 and jumped till 17061 yesterday on account of weaker yen.It is currently trading around 16856.
     
  • The index is facing strong resistance at 17074 (90-W EMA) and any break above confirms further bullishness , a jump till 17300/17500 can be seen. 
      
  • Short term trend is slightly bullish as long as the index not able to break below 16477 (daily Kijun-Sen). 
     
  • On the lower side, any break below major intraday support 16745 (9-day EMA) and any break below 16745 will drag the pair  till 16600/16477.

    It is good to sell on rallies around 16935 with SL 17074 for the TP of 16610/16477

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By FxWirePro Team