JPN225 Short Term: consolidation.
JPN225 (JPN225)
-229-0.42%
short positions below 57800 with targets at 53500 & 52100 in extension.
Pivot: 57800
Our preference: short positions below 57800 with targets at 53500 & 52100 in extension.
Alternative scenario: above 57800 look for further upside with 59300 & 61000 as targets.
Comment: as long as 57800 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
61000 **
59300 **
57800 ***
55486 Last
53500 ***
52100 ***
50300 **
Our preference: short positions below 57800 with targets at 53500 & 52100 in extension.
Alternative scenario: above 57800 look for further upside with 59300 & 61000 as targets.
Comment: as long as 57800 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
61000 **
59300 **
57800 ***
55486 Last
53500 ***
52100 ***
50300 **
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