Tuesday, June 29, 2021

Nikkei approaching support, potential for reversal

Nikkei is approaching key graphical swing low support at our Pivot. We see a medium probability for an intraday bounce above our pivot towards descending trendline resistance, moving average resistance and 61.8% Fibonacci retracement at our 1st resistance. Stochastic is also reacting above support where price bounced in the past

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nikkei-approaching-support-potential-for-reversal"
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