JPN225 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 27744.6409 may materialize within the next 6 hours.
Related Posts
US 500 is quickly approaching a very important level it has previously tested numerous times in the past
US 500 is heading towards 5958.5698 and could reach this point within the next 20 hours. It has…
FTSE 100 consistently settling in one direction. Will it continue?
Due to the rate of consecutive bearish candles on FTSE 100 4 hour chart we could be in…
Nikkei 225 is approaching a resistance line of a Ascending Triangle. It has touched this line numerous times in the last 6 days.
Nikkei 225 is trapped in a Ascending Triangle formation, implying that a breakout is Imminent. This is a…