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April 13, 2021 at 04:05PM
• Nikkei 225 reversed from support zone
• Likely to reach resistance level 30275.00
Nikkei 225 index recently reversed up from the support zone lying between the minor support level 29600.00 and the 38.2% Fibonacci correction of the previous sharp downward impulse wave 1.
The upward reversal from this support zone started the active short-term impulse wave 3 which belongs to wave (3) from last month.
Nikkei 225 is likely to rise further toward the next resistance level 30275.00 (top of the precious minor impulse wave 1).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/nikkei-225-wave-analysis-13-april-2021-20210413/
Selected by fonecable.com
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