Nikkei 225 Daily Forecast Nov 27 2014


Despite hesitation , 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 , the Japanese 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.

Today focus will be on JPY National CPI (YoY) (Oct) at  23:30  GMT ….


Nikkei 225 Daily Forecast Nov 27 2014