Thursday, October 15, 2026

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FxWirePro:Nikkei225 struggles to close below 16000, good to sell on rallies

Major Support -15945 (daily Kijun-Sen) . Major resistance- 16380 (90 4H EMA ​ Nikkei225 has recovered after making a low of 15988 yesterday.It is currently trading around 16233. The minor resistance is around 16380 (90 4…

By FxWire Pro
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FxWirePro:Nikkei225 struggles to close below 16000, good to sell on rallies
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Major Support -15945 (daily Kijun-Sen) .
 

  • Major resistance- 16380 (90 4H EMA
    ​
  • Nikkei225 has recovered after making a low of 15988 yesterday.It is currently trading around 16233.
     
  • The minor resistance is around 16380 (90 4H EMA ) any break above targets 16500/16800.It should break above 17200 (200 day MA) for major trend reversal.
     
  • On the lower side immediate support is around 15945 and any break below targets 15800/15500.

    It is good to sell on rallies around 16300 with SL 16420 around 16800 for the TP of 16000.

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By FxWirePro Team