Nikkei is approaching our first support level at 20783 (61.8% & 100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 21783 (horizontal swing high resistance, 61.8% & 100% Fibonacci extension, 23.6% & 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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