Cabana Capitals Blog Technical Analysis Possible breach of support level by Nikkei 225

Possible breach of support level by Nikkei 225

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Nikkei 225 is heading towards the support line of a Falling Wedge. If this movement continues, the price of Nikkei 225 could test 38641.7213 within the next 10 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by Downward sloping Moving Average

Target: 38641.7213 Entry: 38725 Stop: 38827

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