JPN225 Forecast - 15th August, 2014

JPN225 Forecast - 15th August, 2014

Weekly Chart

• Rejection candle shown at resistance as we near the 2014 opening highs
• RSI negative divergence

Daily Chart

• Rejection at the 78.6 retrace from year highs to low
• Continued weakness on the RSI

Outlook Trade opportunity

In April, i foretasted the uptrend perhaps going to new highs, (we have yet obviously), this view is still in place in the long term view.
Near term, i think we are going to be in a range with 15000 holding

From the Daily, there has strong momentum to the downside as it rejected the 78.6fib, , however a pin bar supported at the 15000 level, so we might be in a range with the bull bear fight. . , however oscillators favors the down side

no trade as of now...

Tips -

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