Technical forecast for Nikkei

nikkei

Nikkei hovering below our 14900/15000 target. We are very overbought in the short term & on daily chart so a dip back to support at 14572 could be seen today. Below here 14404/393 should hold any profit taking this week but longs need stops below 14250.

If we happen to break 15000 & sustain the move we have a gap to fill at 15240 this week.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More