Categories: Technical analysis

Nikkei 225 Wave Analysis – 14 January, 2022

• Nikkei 225 reversed from support level 27900.00

• Likely to rise to resistance level 28750.00

Nikkei 225 index recently reversed down from the key support level 27900.00 (which has been reversing the price from the middle of December), strengthened by the lower daily Bollinger Band.

The upward reversal from the support level 27900.00 is likely to create the daily Hammer if the index closes today near the current levels.

Nikkei 225 index can be expected to rise further toward the next resistance level 28750.00 (previous minor reversal high from the start of January).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Nikkei 225

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