Nikkei index fluctuates below the resistance – Analysis – 20-5-2022
Economies.com
2022-05-20 05:35AM UTC
Nikkei index formed minor bearish channel to confirm its affection by the domination of the bearish bias, noticing the continuous consolidation below 27000 resistance, allowing us to wait to gather the additional negative momentum to achieve the targets at 26330 and 25800.
Also, the moving average 55 leans above the current resistance to confirm blocking the price within the bearish track, to increase the chances of gathering the negative momentum and start recording the suggested negative targets.
The expected trading range for today is between 26850 and 26330
The expected trend for today: Bearish
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