JPN225 has broken through a support line of a Triangle and suggests a possible movement to 26397.8391 within the next 10 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
If FTSE 100 touches 9009.0596 it may be time to take action.
The price of FTSE 100 in heading back to the resistance area. It is possible that it will…
Because CAC 40 formed a Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower
CAC 40 is moving towards a support line. Because we have seen it retrace from this line before,…
After testing the resistance line numerous times, FTSE 100 is once again approaching this line. Can we expect a bullish trend to follow?
The movement of FTSE 100 towards the resistance line of a Channel Up is yet another test of…