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
Nikkei 225 – breach of price line that’s been previously tested numerous times before
The price of Nikkei 225 in heading in the direction of 40060.0000. Despite the recent breakout through 40280.0000…
After testing the support line numerous times, DAX 40 is once again approaching this line. Can we expect a bearish trend to follow?
DAX 40 is moving towards a support line. Because we have seen it retrace from this line before,…
FTSE 100 is approaching 8851.1904. We expect either a breakout through this line, or a rebound.
FTSE 100 is moving towards a resistance line. Because we have seen it retrace from this level in…