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Japan 225
Long

Nikkei approaching major support, potential for bounce

158
Nikkei is approaching major support at 21700 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Ichimoku cloud support) and there is a potential for a bounce above this level towards 22360 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (55) sees strong support above 50% which is the level that would maintain our bullish bias.
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Chart PatternsHarmonic PatternsIndicesNikkei 225 JPN225 CFDjpn225longjpn225shortjpyJapan 225nikkeilongnikkeishortTrend AnalysisUSD

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Chart PatternsHarmonic PatternsIndicesNikkei 225 JPN225 CFDjpn225longjpn225shortjpyJapan 225nikkeilongnikkeishortTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.