Nikkei 225 Daily Forecast Feb 19

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The Nikkei 225 maintained a bullish momentum yesterday bottomed at the 14430 levels and topped at the 14895. This development leaves the pair targeting the 15165 levels where a breach will turn the focus on the 15500 levels, further out will aim the 15900  levels.

On the downside, main support comes at the 14430 levels, losing this level on a daily closing basis will signal short term topping and reverse risks to the downside towards the 14185 levels ahead of the 13905 levels.

In all, as long as support 14430 holds, the Japan Nikkei 225 will remain biased to the upside in short-term view with risk towards the 15165 /15500 levels, losing the 14430 levels will reverse risks to the downside towards the 14185/139508 levels.

 

Nikkei 225 Daily Forecast Feb 19

MARKET DATA

UPCOMING ECONOMIC EVENTS

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