Nikkei 225 Daily Forecast Nov 20 2014

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Outlook in Nikkei 225  index remains on the upside as long as support 16880/16670 holds on a daily closing basis , resistance comes at the 17560 levels , a halt is likely , but a break would open 17800 next , further upside will aim the 18110/18450 levels..

On the downside , support comes at the 16670 levels , losing this level will turn outlook neutral for retesting the 15780/15430  levels before the next rise…

In all, as long as support 16880/16670 holds on a daily closing basis , outlook in Nikkei 225 index remains on the upside towards the 17560 levels ahead of the 17800 levels, below the 16670 will bring a corrective pullback towards the 15780/15430  levels before the next rise.

 

Nikkei 225 Daily Forecast Nov 20 2014

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