Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
JPN 225 Technical Analysis: Rebound on Pause

JPN 225 Technical Analysis: Rebound on Pause

Natalie Huynh, Contributor

Talking Points:

  • Nikkei 225 Strategy: Watch support during this correction period
  • Immediate support is 76.4% Fibonacci at 15,545, then 14,963
  • Momentum reversal dampens topside bias, although resumption may follow

JPN 225 is trading sideways after the previous sharp rise lost momentum. There is not yet any indication of a directional move, hence 76.4% Fibonacci and support level should be relatively safe while the index is stuck.

Traders with long positioning may keep their stops tight and close to support level in case the downward momentum strengthens. It is too early to gauge if the rebound has finished, or this is simply a temporary correction.

Those looking to buy dips may find opportunities to enter trade provided the 2 support levels are not threatened throughout this week.

Need a hand to start trading: Free Guides

Want to read market’s momentum: Speculative Sentiment Index

Daily Chart - Created Using FXCM Marketscope

Losing Money Trading Forex? This Might Be Why.

--- Written by Nathalie Huynh, Strategist for

Contact and follow Nathalie on Twitter: @nathuynh

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.