Thursday, October 15, 2026

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Nikkei225 trades well above trendline resistance ,targets 17250

Major Support -16420 (90 day EMA) Major Intraday resistance- 16850 ​ Nikkei225 has broken trend line resistance 16660 jumped till 16927 at the time of writing.It is currently trading around 16870. The index trades well a…

By FxWire Pro
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Nikkei225 trades well above trendline resistance ,targets 17250
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  • Major Support -16420 (90 day EMA) 
     
  • Major Intraday resistance- 16850  
    ​
  • Nikkei225 has broken trend line resistance 16660   jumped till 16927 at the time of writing.It is currently trading around 16870.
     
  • The index trades well above trend line resistance. So a jump till 17247 is possible.
     
  • On the lower side immediate support is around 16574 (7 day EMA) and any break below targets 16420 (90 day EMA)/16230 (55 dy EMA).
     
  • The Nikkei225 is facing resistance around 17000  and any break above targets 17250/17480. 

    It is good to buy on dips around 16600-650 with SL around 16400 for the TP of 17250/17480.

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