FlowState

Nikkei 225 Broke Past Major Support, Potential To Drop Further!

Short
OANDA:JP225USD   Japan 225
Nikkei225 broke out of its strong support turned resistance line at 23046 which could trigger a further move down to its next support at 22215 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). Ichimoku cloud also shows signs of downward pressure.

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