FxWirePro
Long

Nikkei: Buy above break out

FX:JPN225   Nikkei 225 Index
112 0 5
Pattern Formed – Cup and Handle

Major resistance- 17000

Nikkei225 has once again declined after making a high of 16930.It is currently trading around 16806.

The index should break the psychological resistance 17000 for further bullishness.

Short term trend is slightly bullish as long as resistance 16525 (100 4H MA) holds.

Any break above 17000 will take the index to next level 17100/17500. Extreme bullishness can be seen if the index breaks above 17100 (200 day MA).

On the lower side immediate support is around 16800 (21 4H MA) and any break below targets 16570 (90 4H EMA )/16525/16285 (200 4H MA).

It is good to buy above 17000 with SL 16780 for the TP of 17380/17500.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out