Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on Nikkei 225?

Should we expect a breakout or a rebound on Nikkei 225?

Should we expect a breakout or a rebound on Nikkei 225? post thumbnail image

Nikkei 225 is moving towards a line of 38136.0000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Nikkei 225 continues in its current trajectory, we may see it move towards 38136.0000 within the next 2 days.

Supported by Downward sloping Moving Average

Target: 38136 Entry: 38588 Stop: 38815.65

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