FxWirePro
Long

Nikkei :Buy only above break out

FX:JPN225   Nikkei 225 index of Japanese listed shares
111 0 5
Major resistance - 16400

Major support -15600

The index is consolidating between narrow range 15600 and 16340 for the past five trading session. it is currently trading around 15934.

The index is facing strong resistance around 16340 and any break above 16340 will take the pair to next level 16700/17000. On the lower side minor support is around 15500 and break below targets around 15200/14880 (200 day W MA) /14350/14000

Short term bullishness can be seen only above 16340.

It is good to buy above 16350 with SL around 16000 for the TP of 17000/17270
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out