Japan 225
Long

Nikkei approaching support, potential bounce!

773
Nikkei is approaching our first support at 21624 where a strong bounce might occur above this level pushing price up to our major resistance at 23080 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support we might see a corresponding rise in price should it bounce off this level.

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