Tickmill
Long

Japan 225 right above major support, watch for a strong bounce!

OANDA:JP225USD   Japan 225
Japan225 is right above major support at 23085 ( Fibonacci extension , Multiple Fibonacci retracement , horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance ( Fibonacci extension , horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 ( Fibonacci retracement , horizontal overlap resistance).

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Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
thanks for the analysis!
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