Nikkei 225 is moving towards a line of 45031.0000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Nikkei 225 continues in its current trajectory, we may see it move towards 45031.0000 within the next 9 hours.
Supports and resistances are primary concepts of technical analysis. Nikkei 225 is heading for an important price of 45031.0000 – read about what this could mean for the future.
