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Technical Forecast for Nikkei

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Technical Forecast for Nikkei

 

Nikkei hovering below our 14900/15000 target. We are very overbought in the short term & on daily chart so a dip back to support at 14572 could be seen today. Below here 14404/393 should hold any profit taking this week but longs need stops below 14250.
 
If we happen to break 15000 & sustain the move we have a gap to fill at 15240 this week.

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Posted-In: Technicals Markets Trading Ideas

 

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