Technicals

Add as a preferred source on Google

Nikkei225 faces strong resistance at 15500, bullishness only above that level

Major intraday support -15200 Major Intraday resistance- 15460 (200 H EMA) ​ Nikkei225 has slightly recovered after making a low of 15218 at the time of writing. It is currently trading around 15360. The index is trading…

1 min read
Nikkei225 faces strong resistance at 15500, bullishness only above that level
Image from the original EconoTimes article

Read the original article

  • Major intraday support -15200 
     
  • Major Intraday resistance- 15460 (200 H EMA) 
    ​
  • Nikkei225 has slightly recovered after making a low of 15218 at the time of writing. It is currently trading around 15360.
     
  • The index is trading slightly well above Hourly Tenken- Sen and Kijun-Sen. But the index should close above 15460 for further bullishness..
     
  • On the lower side immediate support is around 15180 (61.8% retracement of 14823 and 15795) and any break below targets 15000/14823(Jun 24th low).
     
  • The Nikkei225 is facing resistance around 154600 (200 HMA)  and any break above targets 15800/16000. 

It is good to sell on rallies around 15350-15380 with SL around 15505 for the TP of 15200/15000/14830

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