Nikkei is approaching our first resistance at 21823.8 (76.4% Fibonacci retracement, horizontal swing high resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 21414.3 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal pullback support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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