Cabana Capitals Blog Technical Analysis Nikkei 225 broke through important 38274.0000 price line

Nikkei 225 broke through important 38274.0000 price line

Nikkei 225 broke through important 38274.0000 price line post thumbnail image

Nikkei 225 is once again retesting a key horizontal resistance level at 38274.0000. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 38546.6016 Entry: 38324 Stop: 38197.41

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