Cabana Capitals Blog Technical Analysis Nikkei 225 – getting close to psychological price line

Nikkei 225 – getting close to psychological price line

Nikkei 225 – getting close to psychological price line post thumbnail image

Nikkei 225 is heading towards a line of 40945.0000. If this movement continues, the price of Nikkei 225 could test 40945.0000 within the next 2 days. 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: 40945 Entry: 41187 Stop: 41291.38

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