JPN225 Forecast for the week ending 22nd August, 2014
Weekly Chart
- Rejection candle shown at resistance as we near the 2014 opening highs
- RSI negative divergence
- Rejection at the 78.6 retrace from year highs to low
- Continued weakness on the RSI and divergence
Hourly Chart
Outlook Trade opportunity
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, Top side i see 15400 as huge resistance and where market would try to push there to wait for reaction, If it gives me a short signal i shall enter / or a sell limit order if your braveno trade as of now...
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