The breakout of JPN225 through the 27380.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, JPN225 could test 26959.5000 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Because CAC 40 formed a Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
CAC 40 is approaching the resistance line of a Triangle. It has touched this line numerous times in…
Breach of 6008.0898 could mean a start of a bullish trend on US 500
US 500 has broken through 6008.0898 which it has tested numerous times in the past. We have seen…
Is the extremely large movement on FTSE 100 a sign of things to come?
Those of you that are trend followers are probably eagerly watching FTSE 100 to see if its latest…