JPN225 has broken through a support line of a Rising Wedge and suggests a possible movement to 26789.4306 within the next 2 days. 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 8 days.
Related Posts
Big movement possible on CAC 40 after a breach of 7782.1001
CAC 40 has broken through 7782.1001 which it has tested numerous times in the past. We have seen…
CAC 40 – approaching a price line that has been previously tested numerous times in the past
CAC 40 is moving towards a key support level at 7751.5000. This is a previously tested level for…
ASX 200 is signaling a possible trend reversal on the intraday charts with price not breaching support.
ASX 200 is approaching the resistance line of a Channel Up. It has touched this line numerous times…