JP225 neutral

Nikkei will try to stay above the support

25 january 2022 93
Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
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For the past year, the Nikkei  index 5 times tested the important level of the support of 27000. Despite occasional downward motion, the support stood still in all cases.

Now there is a new attack of “bears” for this important level. The RSI moves to oversold, and to break 27000 down at once will not be easy. If the level does not keep balance after all, the potential for the following decline to 26200 will open.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
1st in the segment "Metals"
2nd in the segment "Oil and gas"
3rd in the segment "Indices"
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