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 Technical Analysis: 16,000 Support Now in Focus

Nikkei 225 Technical Analysis: 16,000 Support Now in Focus

Oded Shimoni, Junior Currency Analyst

Talking Points:

- Focus shifts to 16,000 again after the index lost 16,500

- The move below 16,500 marks a break to the short term bullish structure

- Index edging slightly higher from last swing low

If you’re looking for trading ideas, check out our Trading Guides Here

The Nikkei 225 is edging higher today, slightly bouncing from the last swing low around 16,332.

The Index signaled an important short term technical development when it broke below the 16,500 level, suggesting that the short term bullish structure since the Brexit decline might have been broken (combined with the break of the short term trend line and a move back below the 200 day SMA).

The index is finding a slight halt to the decline at around the last swing low at 16,332; but focus might be on the 16,000 level for potential support.

Prices have been ranging between the well-defined 18,000 resistance zone and the 15,000 support since the start of the year, with gains appearing to be corrective in the context of the near term down trend from June 2015 highs.

In turn, this could imply that a move below 16,000 could expose the range lows around 15,000.

However, if bulls manage to push prices above the 16,500 level, eyes may quickly turn to 17,000 for potential resistance.

Nikkei 225 Daily Chart: September 19, 2016

--- Written by Oded Shimoni, Junior Currency Analyst for

To contact Oded Shimoni, e-mail

Follow him on Twitter at @OdedShimoni

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