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 heading towards a line of 38093.0000. If this movement continues, the price of Nikkei 225 could test 38093.0000 within the next 18 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Downward sloping Moving Average

Target: 38093 Entry: 38172 Stop: 38206.16

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