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).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.