Aurum Markets Blog Technical Analysis Resistance breakout on Nikkei 225

Resistance breakout on Nikkei 225

Resistance breakout on Nikkei 225 post thumbnail image

Nikkei 225 has broken through a resistance line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 35822.0000 within the next 9 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 35822 Entry: 35591 Stop: 35412.2

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