NIKKEI 225 Daily (29.06.2014) Technical Analysis.

FX:JPN225   Nikkei 225 index of Japanese listed shares
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The NIKKEI 225             Japan Index ( JPN225             ) Daily Diagram Technical Analysis Training shows the following:

The JPN225             index has made a long movement above the KUMO cloud last month but a decline movement toward to Tenkan Sen has happened last week. Now the Index has breached the support line and stopped exactly on the Tenkan Sen (light green). The weekly and monthly diagram are bullish .

So the first think in mind for Monday is the case of a reaction from here in order to reach the previous support line or a short movement towards to Kijun Sen (blue line). As you can see on the diagram the lower support line could give a reaction from here. MACD and RSI both say sell.

We have no special candlestick pattern. The index is above the KUMO, Tenkan Sen & Kijun Sen too.

There is no special pattern. The fib from 13953 to 15189 (projection) shows support at current level. If the Index declines from here the next target is the 0.764 of fib (14897) that meet the Kijun Sen support.

So I think that the JPN225             will reach the 14897 with MACD the only indicator for these thoughts.
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