themarketzone

Japan is testing a strong daily support zone

AMEX:EWJ   iShares MSCI Japan Index Fund
Previous trend line (should act as support) and 3 MA lines will try to support $EWJ breakout attempt
If that breakout is real EWJ should bounce from here higher
If it'll close below the 200 days MA line - BOOM! Crash and burn..

Tomer, The MarketZone
www.themarketzone.net/

Follow my blog - marketzone.tumblr.com/
Subscribe to my Youtube channel - www.youtube.com/c/TheMarketZoneNet
Comment:
Great gains from bullish setup - Time to take some profits

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.