Nikkei 225 is heading towards the support line of a Channel Up. If this movement continues, the price of Nikkei 225 could test 38435.2083 within the next 13 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Because Nikkei 225 formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
