Aurum Markets Blog Technical Analysis A potential bearish movement on Nikkei 225

A potential bearish movement on Nikkei 225

A potential bearish movement on Nikkei 225 post thumbnail image

Nikkei 225 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Nikkei 225 continues in its current trajectory, we could see it reach 37254.1406 within the next 11 hours.

Supported by Downward sloping Moving Average

Target: 37254.1406 Entry: 37595 Stop: 37811

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