Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Nikkei225 faces strong resistance around 15800, good to buy at dips

  • Major Intraday support – 15380 (4H  Kijun-Sen)
     
  • Major support -14770 (Feb 2nd 2016) 
     
  • Major Intraday resistance- 15825 (90 H EMA) 
     
  • Nikkei225 has jumped till 15749 today morning and slightly declined from that level.It is currently trading around 15659.
     
  • The index is struggling to break above 15825 (90 4H EMAt) and it should break above that level for further bullishness.
     
  • On the lower side immediate support is around 15500 (21 4H MA) and any break below targets 15380/15250/14990.
     
  • The Nikkei225 is facing resistance around 15825 (90 4H EMA)  and any break above targets 16250/16480. 

It is good to buy at dips around 15550 with SL around 15380 for the TP of 15900/16250

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.