Nikkei to break to the upside?NIK225 - 24h expiry
Buying pressure from 35998 resulted in prices rejecting the dip.
The current move higher is expected to continue.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 37068, which will confirm the bullish sentiment.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy a break of 37068 (stop at 36368)
Our profit targets will be 38868 and 39168
Resistance: 37610 / 38585 / 39265
Support: 36375 / 34805 / 33980
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