FOREXCOM:JPXJPY   Japan 225 CFD
NIK225 - Intraday - We look to Sell a break of 19425 (stop at 19500)
Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Posted a Double Top formation. Expect trading to remain mixed and volatile. Further downside is expected, however, due to the strong support below we prefer to sell a break of 19425, which will confirm the bearish sentiment.
Our profit targets will be 19200 and 19050

Resistance: 19585 / 19750 / 20000
Support: 19425 / 19200 / 19050

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.