Nikkei 225 is heading towards a line of 38405.0000. If this movement continues, the price of Nikkei 225 could test 38405.0000 within the next 3 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: 38405 Entry: 38718 Stop: 38841.08
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound
A strong resistance level has been breached at 8329.0000 on the 4 hour FTSE 100 chart. Technical Analysis theory forecasts a movement to 8387.6738 in the next 2 days. Supported
GBPUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation