Nikkei 225 Daily Forecast Dec 05 2014

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Outlook in Nikkei 225  index remains on the upside as long as support 17725/17500 holds on a daily closing basis , resistance comes at the 18000 levels , a halt is likely , but a break would open 18330 next , further upside will aim the 18555 levels..

On the downside , support comes at the 16410 levels , losing this level will turn outlook neutral for retesting the 15430/15230  levels before the next rise…

In all, as long as support 16410  holds on a daily closing basis , outlook in Nikkei 225  index remains on the upside towards the 17430 levels ahead of the 17760/17975 levels, below the 16410 will bring a corrective pullback towards the 15430/15230  levels before the next rise.

In the medium term forecast , the pair remains bullish as long as support 16690/17035  holds on a weekly closing basis , but resistance comes at the 1770 levels , we might see hesitation or rebound around this level before resuming the uptrend , however , a clear break above the 1770 levels will pave the way towards the 18700 levels ahead of the 19700 levels.On the downside , below 16690/17035 will bring deeper pullback towards the 15250/14360 levels before the next move…

 

Nikkei 225 Daily Forecast Dec 05 2014

Nikkei 225 Daily Forecast Dec 05 _2014_weekly

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