GlobalPrime
Long

Nikkei approaching support, potential bounce!

OANDA:JP225USD   Japan 225
Nikkei is approaching our first support at 21277.4 (horizontal swing low support, 100% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 22721.4 (horizontal swing high resistance, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastics (89,5,3) is also approaching support and we might see a corresponding bounce in price.
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