FlowState

Nikkei approaching support, potential bounce!

OANDA:JP225USD   Japan 225
Nikkei is approaching our first support at 22171.7 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 23673.3 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.

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