Nikkei 225 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Nikkei 225 continues in its current trajectory, we could see it reach 40324.8750 within the next 15 hours.
Related Posts
ASX 200 is signaling a possible trend reversal on the intraday charts with price not breaching support.
ASX 200 is approaching the resistance line of a Channel Up. It has touched this line numerous times…
Breach of 8696.5000 could mean a start of a bearish trend on ASX 200
ASX 200 has broken through a support line. Because we have seen it retrace from this price in…
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 is heading towards the support line of a Channel Up. If this movement continues, the price…