JPN225 has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 27060.7942 may materialize within the next 6 hours.
Related Posts
DOW 30 formed a Falling Wedge on the 15 Minutes chart. Retest of support in sight.
DOW 30 is heading towards the support line of a Falling Wedge and could reach this point within…
DAX 40 keeps moving closer towards 23544.0000. Will it finally breach this level?
DAX 40 is moving towards a line of 23544.0000 which it has tested numerous times in the past.…
A Descending Triangle has formed, DAX 40 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
DAX 40 is moving towards a support line which it has tested numerous times in the past. We…