• Japan 225 right above major support, watch for a strong bounce!

    Japan225 is right above major support at 23085 (Fibonacci extension, Multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance (Fibonacci extension, horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 (Fibonacci retracement, horizontal overlap resistance). […]