The index is approaching the 20,970 1W Support creating optimal conditions for a long term buy towards the 23,000 Resistance. Nikkei is on an uptrend since the December bottom (1M MACD
= 405.550, RSI
= 50.348) and only a breach of the 20,360 Support can distress that. The Golden Cross (MA50 over MA200) may come later to confirm that. We are long on NI225
with TP = 23,000.
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