Considering the retracement zones, a bearish grip could pull the Nikkei to near 18k price points. The Yen is losing it's haven-like reputation with Japan's national debt on the rise at almost 2.5x of GDP.
Wow its like 1990s again in Nikkei…Most overbought in 31 yrs..16% up in last 2 months.Not a single down day in last 21 days….
Rectangle breakout on its monthly chart….A throwback to 20,000 possible with upside target of 32500… may just fall short of 35000 of 1990s
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATONAL PURPOSES. NON ADVISORY,...
Nikkei broke the trendline today and closed around 16250. will it retrace again back to the trend line where fibbo of 78.6 lies. 16900-17110 can be a good zone to short. can long till 16900 with sl of 16050.