FlowState

Nikkei is approaching resistance, potential drop!

Short
OANDA:JP225USD   Japan 225
Nikkei is approaching our first resistance at 21887 (horizontal pullback resistance, 100% fiboancci extension, 23.6% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 20680 (100% fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is also seeing a bearish exit in line with our bearish bias.

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