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MD-Priceaction
Jul 24, 2023 8:08 AM

JP225 Support and Resistance Analysis  Short

Nikkei 225 Cash IndexActivTrades

Description

ACTIVTRADES:JP225 JP225USD Analysis
price action
Fibonnaci pivot
Support and Resistance
Pivot Points
Base Pivot

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Based on the provided information, it is suggested that there is a strong likelihood of a decline in the price of Japanese stocks, with a reaction occurring at the price level of 32852 on the 4-hour timeframe. The decline is expected to originate from the sharp movement at the price level of 32352.

In the event that the price breaks above 32900 and closes above this range on the 4-hour candlestick, there is a probability of growth towards 33265.

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