JPN225 has broken through a line of 26535.0000 and suggests a possible movement to 26945.0000 within the next 2 days. It has tested this line numerous times 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 13 days.
Related Posts
US 500 likely to test 6308.3198 in the near future. Where to next?
US 500 is en route to a very important line that will be a definite deciding factor of…
CAC 40 formed a Channel Up on the 1 hour chart. Retest of support in sight.
The movement of CAC 40 towards the support line of a Channel Up is yet another test of…
CAC 40 is approaching 7800.5000. We expect either a breakout through this line, or a rebound.
CAC 40 is moving towards a resistance line. Because we have seen it retrace from this level in…