JPN225 has broken through a line of 22670.0000 and suggests a possible movement to 22349.5000 within the next 7 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 42 days.
Related Posts
A possible move on FTSE 100 as it heads towards resistance
FTSE 100 is moving towards a resistance line. Because we have seen it retrace from this line before,…
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 is moving towards a support line which it has tested numerous times in the past. We…
Important resistance line being approached by US 500. This price has been tested numerous time in the last 9 days
US 500 is trapped in a Pennant formation, implying that a breakout is Imminent. This is a great…