Thursday, October 15, 2026

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FxWirePro:Nikkei225 trades slightly above 55- day EMA, good to buy on dips

Major support - 18823 (100- day EMA). Major resistance - 19200 (55- day EMA). Nikkei has taken support near 100- day EMA and jumped sharply from that level. It is currently trading at 19273 1.21% higher. USD/JPY recovere…

By FxWirePro Team
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FxWirePro:Nikkei225 trades slightly above 55- day EMA, good to buy on dips
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  • Major support - 18823 (100- day EMA).
     
  • Major resistance - 19200 (55- day EMA).
     
  • Nikkei has taken support near 100- day EMA and jumped sharply from that level. It is currently trading at 19273 1.21% higher.
     
  •  USD/JPY  recovered after making a low of 110.62 level. It is currently trading around 111.36.
     
  • • On the lower side , 18823 (100- day MA) and any break below will drag the index till 18650/18230.
     
  • •The major resistance is around 19200 (55- day EMA) and any break above will take the index till 19320 (21-  day EMA)/19600/19698.

    It is good to buy on dips around 19200-225 with SL around 19000 for the TP of 19377/19600/19698.

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By FxWirePro Team