HomeContributorsTechnical AnalysisNikkei 225 Wave Analysis

Nikkei 225 Wave Analysis

  • Nikkei 225 broke resistance level 26500.00
  • Likely to rise to resistance level 27000.00

Nikkei 225 index continues to rise after the earlier breakout of the resistance level 26500.00 (which stopped the previous waves 4 and (1)).

The breakout of the resistance level 26500.00 coincided with the breakout of the 38.2% Fibonacci correction of the previous downward impulse from December.

Nikkei 225 index can be expected to rise further toward the next resistance level 27000.00 (former monthly low from November).

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading