JPN225 has broken through the support 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 26139.0841 may materialize within the next 10 hours.
Related Posts
A Descending Triangle has formed, Nikkei 225 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Nikkei 225 is trapped in a Descending Triangle formation, implying that a breakout is Imminent. This is a…
CAC 40 likely to test 8088.0000 in the near future. Where to next?
The price of CAC 40 in heading back to the support area. It is possible that it will…
Could a large bearish move on ASX 200 be a sign of things to come?
Those of you that are trend followers are probably eagerly watching ASX 200 to see if its latest…