This trade steup on JPN225 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 34994.8440.
Related Posts
CAC 40 hits 7880.9 after a 13.03% move spanning 37 days
CAC 40 rose sharply for 36 days – which is an excessively big movement for this instrument; exceeding…
DAX 40 is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
The movement of DAX 40 towards the resistance line of a Channel Up is yet another test of…
Will FTSE 100 break through the support level it tested before?
FTSE 100 is moving towards a line of 8552.5000 which it has tested numerous times in the past.…