JAPAN 225
JP225USD Approaching Resistance, Potential Reversal!JP225USD is approaching its resistance at 22935 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 22435 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resiustance at 98% where a corresponding reversal could occur.
JP225USD Approaching Resistance, Potential Reversal!JP225USD is approaching its resistance at 22756 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to reverse down to its support at 22391 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
Nikkei approaching support, potential bounce! Nikkei is approaching our first support at 22045.5 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23063.7 (horizontal swing high resistance).
RSI (55) is also seeing a bullish divergence and is approaching our support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Mid Week FightCould we see a turning point for the Japanese Index at this 2250 level? Looks like a fight is happening between both sides at this phschological level, if we see a bearish daily close and a break of the ascending trend line we could have a weak Yen on our hands. Possibly down to 2220 area. What do you think?
Nikkei approaching resistance, potential drop! Nikkei is approaching our first resistance at 22497.5 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 21414.8 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our major resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
JP225USD with seats event
I was asked to analyze this pair. I did not touch on the analysis of the smaller time interval, as there are a lot of complex corrections. It will take a lot of time. But I see the future of this pair. We have completed a zigzag correction in the framework of the 4th subwave. We see the opposite bullish divergence. At the same time, we are in the momentum of a larger scale. Therefore, within the framework of the situation, we will not go below the support channel. At the same time, the breakdown of this channel will take place when the 3 big impulse ends. Quite promising, look at the sliding area. I think there is definitely long
Japan 225 right above major support, watch for a strong bounce!Japan225 is right above major support at 23085 (Fibonacci extension, Multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance (Fibonacci extension, horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 (Fibonacci retracement, horizontal overlap resistance).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
JP225USD is testing upward resistanceAfter breaking downward from a descending triangle, JP225USD rallied with all the other global equities. It has shown some resistance at $19,900 which was a former support. If it breaks down, JPYUSD and XAUUSD should rise. Conversely, If it breaks up, JPYUSD and XAUUSD should fall. I will watch the Japanese open and decide whether to go long or short on these trades.
NIKKEI - Top Finder 100% BurnoutMIDAS Top Finder accurately predicted the TOP in the accelerated trend.
Pullback to S1 is now very likely.
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NIKKEI - Supply Zone at Upper MIDAS Displacement CurveLooking to go short at H1 Supply which is also the top of the MIDAS Dispacement Curve fitted to first swing high.
Nikkei is about to go into correctionThe longer time frame III wave is coming to an end. I am expecting a season long correction starting early July
NIKKEI : TRADE THE BREAKOUT !A nice breakout occurred. Expect an eventual pullback but be ready to short :) !
