Nikkei 225: ⬆️ Buy
- Nikkei 225 reversed from support level 36675,00
- Likely to rise to resistance level 38800,00
Nikkei 225 index recently reversed up from the pivotal support level 36675,00 (which formed the daily Japanese candlesticks reversal pattern Morning Star at the start of May).
The support level 36675,00 strengthened by the 20-day moving average and by the 38.21% Fibonacci correction of the previous upward impulse from April.
Nikkei 225 index can be expected to rise to the next resistance level 38800,00, top of the previous minor correction 2.
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