JPN225 Short Term: key resistance at 51300.
JPN225 (JPN225)
-97-0.19%
short positions below 51300 with targets at 48200 & 46700 in extension.
Pivot: 51300
Our preference: short positions below 51300 with targets at 48200 & 46700 in extension.
Alternative scenario: above 51300 look for further upside with 52500 & 54300 as targets.
Comment: as long as 51300 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
54300 **
52500 **
51300 ***
50413 Last
48200 ***
46700 ***
45700 **
Our preference: short positions below 51300 with targets at 48200 & 46700 in extension.
Alternative scenario: above 51300 look for further upside with 52500 & 54300 as targets.
Comment: as long as 51300 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
54300 **
52500 **
51300 ***
50413 Last
48200 ***
46700 ***
45700 **
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