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

A potential bullish movement on Nikkei 225

A potential bullish movement on Nikkei 225 post thumbnail image

The movement of Nikkei 225 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 7 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

Supported by Upward sloping Moving Average

Target: 42576 Entry: 42119 Stop: 41985

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