FXWIREPRO: Nikkei225 Faces Strong Support Around 15500, Good to Buy at Dips
- Major Support - 15500
- The index has made a low of 15533 and started to recover from that level. It is currently trading around 15812.Intra day trend is slighty bullish as long as support 15500 holds .
- Any break below 15500 confirms minor weakness and decline till 15000/14750 is possible in short term.On the higher side minor resistance is around 15910 and break above targets 16300/16500.
- The index major resistance is around 16450 and break above targets 16800/17000/17300.
- Short term bearish invalidation only above 17300.
It is good to buy at dips around 15700 with SL around 15500 for the TP of 16000/16300
The material has been provided by InstaForex Company - www.instaforex.com