Nikkei continues to hold back the bears.

10월 21일

NIK225 - 24h expiry

Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
This is positive for sentiment and the uptrend has potential to return.
We look for a temporary move lower.
Further upside is expected although we prefer to set longs at our bespoke support levels at 38870, resulting in improved risk/reward.

We look to Buy at 38870 (stop at 38550)
Our profit targets will be 39670 and 39820

Resistance: 39660 / 42155 / 45325
Support: 37705 / 36330 / 34955

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