FX:JPN225   Nikkei 225 Index of Jaрanese Listed Shares
14 2 2
The possible move in the coming hours
futures appear to have similar move as previous day.
open, spike up, but fail to continue higher, meander into lunch break. then after lunch, gap up, retrace to test selling pressure, then continue higher.
however, today marks the 11th up day, this could be hitting resistance here
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Yes, it is extended in short term, USD/JPY also pulling back. My prefer way to trade Nikkei strength is to buy during European and US session when it goes lower with DAX and Dow, then recover losses when Tokyo opens.
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