empty
 
 

2017.04.2323:15:00UTC+00Fxwirepro: Nikkei225 Trades Higher, Good to Buy on Dips

  • Nikkei trades higher after first round elections in French. Centrist candidate Macron won 23.7% of the votes in the first round compared to 21.7% by Le Pen.The index is trading trading above 100- day EMA and is currently trading around 18863 1.4% higher.
     
  • USD/JPY broken major resistance at 110 and jumped till 110.51. The pair jumped from the low of 108.13. It is currently trading around 110.06.
     
  • On the lower side ,near term support is around 18750 (21- day EMA) and any break below targets 18325 ( 61.8%  retracement of 16106 and 16698) /1800/17800 is possible. 
     
  • The major resistance is around 19105 (61.8% retracement of 19668 and 18197) and any break above will take the index till  19341/19668 9Mar 2nd 2017 high).

    It is good to buy on dips around 18700-18725 with SL around 18500 for the TP of 19340/19665.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback