Today's Asian stock market session was mixed and no common direction could be spotted across indices from the region. Japanese Nikkei (JAP225) managed to finish the cash session higher, although off the daily highs.
Taking a look at the index from a technical point of view on D1 interval, we can see that the price tested the upper limit of the Overbalance structure at 29,135 pts, which coincides with the downward trendline. Bulls failed to break above and the index pulled back towards the 29,000 pts area. Should declines deepen, the first near-term support to watch for JAP225 can be found in the 28,500 pts area.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appSource: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.