Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

Nikkei Short term Outlook

Major Support -16450 (21 day MA) . Major resistance- 17145 (200 day EMA). ​ Nikkei225 has broken minor resistance 16600 and jumped till 16720 yesterday.It is currently trading around 16690. The index should break the tem…

By FxWire Pro
1 min read
Nikkei Short term Outlook
Image from the original EconoTimes article

Read the original article

  • Major Support -16450 (21 day MA) .
     
  • Major resistance- 17145 (200 day EMA).
    ​
  • Nikkei225 has broken minor resistance 16600 and jumped till 16720 yesterday.It is currently trading around 16690.
     
  • The index should break the temporary top formed at 16930 (Jul 21st 2016 high) for further bullishness.
     
  • Short term trend is slightly bullish as long as support 16300 (55 day EMA) holds. 
     
  • Any break above 17000 will take the index to next level 17150/17500. Extreme bullishness can be seen  if the index breaks above 17160 (200 day MA)
     
  • On the lower side immediate support is around 16450 and any break below targets 16300/16000.

    It is good to buy on dips around 16450 with SL 16300 for the TP of 16780/17000.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team