Aurum Markets Blog Technical Analysis Possible start of a bullish trend as Nikkei 225 breaks resistance

Possible start of a bullish trend as Nikkei 225 breaks resistance

Possible start of a bullish trend as Nikkei 225 breaks resistance post thumbnail image

The breakout of Nikkei 225 through the 34469.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Nikkei 225 could test 36111.3984 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 36111.3984 Entry: 34714 Stop: 33925.28

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