JPN225 Middle Term: the bias remains bullish.
JPN225 (JPN225)
-494-0.99%
long positions above 44400 with targets at 54300 & 60000 in extension.
Pivot: 44400
Our preference: long positions above 44400 with targets at 54300 & 60000 in extension.
Alternative scenario: below 44400 look for further downside with 41800 & 38300 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
63000 ***
60000 ***
54300 ***
50157 Last
44400 ***
41800 ***
38300 ***
Our preference: long positions above 44400 with targets at 54300 & 60000 in extension.
Alternative scenario: below 44400 look for further downside with 41800 & 38300 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
63000 ***
60000 ***
54300 ***
50157 Last
44400 ***
41800 ***
38300 ***
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