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
Nikkei 225 Bounces back from Support Level

Nikkei 225 Bounces back from Support Level

Nathalie Huynh, Contributor

Talking Points:

  • Strategy: Adjust positions as downtrend shows signs to wane
  • Flat momentum signals provide little insight on upcoming direction
  • Sideways trading may emerge if Nikkei does not contest 16,000 or resistance level at 16,461.5

The Nikkei 225 has bounced back from the 15,523 support level, although it remained under the 16,000 mark that was broken earlier this week. Flat momentum signals hint at sideways movement in the near term, rather than an upward reversal.

Investors with short positions may keep watch of the 16,000 level, where a topside break might prove to be a strong sign that the recent downtrend has finished. Investors with long positions or those who look to trade the range could investigate opportunities if the 15,523 support level holds firmly into next week. A strong support level comes at 14,963 below that.

Any upward movement from here may first come to test 16,000 then the 16,461.5 resistance level above it. A consolidation period similar to the one occurred during mid to late February may emerge.

Need a hand to start trading: Free Guides

Want to read market’s momentum: Speculative Sentiment Index

Losing Money Trading Forex? This Might Be Why.

Daily Chart - Created Using FXCM Marketscope

--- Written by Nathalie Huynh, Strategist for

To receive Nathalie’s analysis directly via email, please SIGN UP HERE

Contact and follow Nathalie on Twitter: @nathuynh

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