piptank
Long

Possible Long Nikkei at 19250 Target 20000

FX:JPN225   Nikkei 225 index of Japanese listed shares
50 0 0
This chart show us a pretty steady upward trend. At the moment we are in a kind of consolidation/pullback situation. I think we will test the 20000 mark next days. But a pullback to 19000 is also possible. But then I'm thinking of a possible double top scenario.
Three more fundamentals which support my projections are:
  • Japan's trade deficit declined, exports rose by 2.4 pct and imports dropped by 3.6 pct
    Japanese Inflation Rate drops further in February 2015 to 2.2 percent from 2.4
    Unemployment is at 3.5 percent in February, slightly down from 3.6 percent
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