Nikkei 225

Nikkei Remains a Compelling Short

Technical Analysis
227 Views, 10 May 2022 15:22
EXECUTIVE SUMMARY
  • Nikkei remains a compelling short with uptick resistance at 26,600/800 with the next downside target at 25,000. RSI bear wedge is a compelling set up.
  • Nikkei offers downside on the back of the RSI bear wedge with firm trend and price resistance just under 27k. Sideways congestion sides with fresh lows.
  • USD/JPY looking more crowded near 132 as the rising wedge matures for a pullback trade.
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Thomas Schroeder
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Mr. Schroeder starting using charts and trading in the FX markets in 1989 and entered the equities arena in 1992 with De... 

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