Nikkei 225 Potential Bullish Continuation

Nikkei 225 Potential Bullish Continuation for OSE:NK2251! by FXCM

Nikkei 225 Potential Bullish Continuation



Preference:
On the H4, with price bouncing off the ichimoku cloud and moving in an ascending trend channel, we have a bullish bias that price will continue to rise from the pivot at 26880 in line with the pullback support and 50% fibonacci retracement to the 1st resistance at 28410 in line with the multiple swing high and 100% fibonacci projection .

Alternative Scenario:
Alternatively, price may reverse off the pivot and drop to the 1st support at 26000 in line with the pullback support .

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