Chart of the day - JAP225 (07.06.2021)

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.

Source: xStation5

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Chart of the day - JAP225 (07.06.2021)

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