Japan 225
Long

Nikkei 225 Approaching Support, Potential Bounce!

3 961
Nikkei 225 is approaching its support at 20926 (100% & 61.8% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, Horizontal overlap support) where it could potentially bounce to its resistance at 22739 (50% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support at 8% where we might see a corresponding rise in price.

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