Implications and Outlook
The Japan Nikkei225 retreated from the more recent highs when it comes to cash terms but late in Thursday session held on to somewhat better than Asian counterparts, by slipping just minus 0.56%.
The index with further long-term bullish momentum has completed Index Rally 24420 and created Mean Resistance at 24270. For the last three days, Index is heading downwards to find Mean Support 23670 and 23420 respectively.
The Japan Nikkei225 retreated from the more recent highs when it comes to cash terms but late in Thursday session held on to somewhat better than Asian counterparts, by slipping just minus 0.56%.
The index with further long-term bullish momentum has completed Index Rally 24420 and created Mean Resistance at 24270. For the last three days, Index is heading downwards to find Mean Support 23670 and 23420 respectively.