Nikkei approaching support, potential bounce!
Nikkei is approaching our first support at 22074.3 (horizontal overlap support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 22423.9 (horizontal swing high resistance).
Stochastic (34,5,3) is also seeing a bullish divergence and is approaching our major support. A bounce off this level might be a good precursor for a potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also seeing a bullish divergence and is approaching our major support. A bounce off this level might be a good precursor for a potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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