Nikkei Approaching Support, Potential Bounce!
Nikkei is approaching our first support level at 19699 (50% Fibonacci retracement, Horizontal overlap support) where a strong bounce might occur above this level pushing price up to our major resistance at 20884 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal pullback resistance).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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