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Big movement expected on JPN225 after a breach of the resistance

JPN225 has broken through a resistance line of a Pennant and suggests a possible movement to 23693.4508 within the next 2 days. It has tested this line 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 7 days.

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We expect a $3,348.18 movement on KW within 12 hours following the event release at 31 Jan 06:30.

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We expect EMD to trend downwards for the next 48 hours.

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