Type: Bearish continuationKey Levels:Resistance:26555Pivot:25960Support:25610Preferred Case:Looking at the H4 chart, my overall bias for NKD1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 25610, where the previous swing low is.Alternative Scenario:Price may head back up to retest the pivot at 25960, where the 61.8% Fibonacci line isFundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nikkei-futures-nkd1-h4-potential-for-bearish-continuation"
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