JPN225 Short Term: 50000 expected.

JPN225 (JPN225)
+2122+4.61%
long positions above 44300 with targets at 48300 & 50000 in extension.
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Pivot: 44300

Our preference: long positions above 44300 with targets at 48300 & 50000 in extension.

Alternative scenario: below 44300 look for further downside with 41900 & 40800 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
51200 **
50000 **
48300 ***
47433 Last
44300 ***
41900 ***
40800 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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