Nikkei pushed higher, approaching key Fibonacci confluence zone at our Pivot, where we have 61.8% Fibonacci retracement and 100% Fibonacci extension. A short term intraday drop towards graphical swing low support and 1st support could be possible. Stochastic indicator is testing resistance where price dropped in the past as well.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nikkei-facing-bearish-pressure-below-key-resistance-area"
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