Implications and Outlook
1. The Nikkei managed to strengthen ever since completing mini Index Dip 21930. The Index saw the Yen currency back to middle 109 handle and trade firmer despite a brief positive print last few trading sessions.
2. The index further short/long-term bullish momentum continues as we approach Mean Resistance 23000, while overall completed Index Rally lays just above at 23050.
3. With overall Index Rally completion upside disruption will undoubtedly bring powerful bullish outbreak implications, having interim downside target to Mean Support of 22520.
4. Current Bullish/Bearish bias advances to 80/20
1. The Nikkei managed to strengthen ever since completing mini Index Dip 21930. The Index saw the Yen currency back to middle 109 handle and trade firmer despite a brief positive print last few trading sessions.
2. The index further short/long-term bullish momentum continues as we approach Mean Resistance 23000, while overall completed Index Rally lays just above at 23050.
3. With overall Index Rally completion upside disruption will undoubtedly bring powerful bullish outbreak implications, having interim downside target to Mean Support of 22520.
4. Current Bullish/Bearish bias advances to 80/20