Thursday, October 15, 2026

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FxWirePro:Nikkei upside capped by ichimoku cloud, good to buy at dips

Major Support -15833 (4 Hour Kijun-Sen) Major Intraday resistance- 16640 (Cloud top) ​ Nikkei225 has jumped till 16576 at the time of writing and slightly declined from that level. It is currently trading around 16314. T…

By FxWire Pro
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FxWirePro:Nikkei upside capped by ichimoku cloud, good to buy at dips
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  • Major Support -15833 (4 Hour Kijun-Sen) 
     
  • Major Intraday resistance- 16640 (Cloud top) 
    ​
  • Nikkei225 has jumped till 16576 at the time of writing 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 16267 (4H Tenken-Sen) 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