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Nikkei 225: ⬆️ Buy
– Nikkei 225 broke round resistance 50000.00
– Likely to rise to resistance level 54000.00
Nikkei 225 index recently broke the resistance area between the round resistance 50000.00 (which stopped the previous impulse wave i in the middle of October) and the resistance trendline of the daily up channel from July.
The breakout of this resistance area accelerated the active impulse waves iii and 5, which belong to the impulse wave (3) from May.
Given the overriding daily uptrend, Nikkei 225 index can be expected to rise further toward the next resistance level 54000.00, target price for the completion of the active impulse waves 5 and (3).
Source: https://fxpro.news
