The NIKKEI 225 (JPN225) weekly chart shows the following signs:
Exactly from 6/2013 NIKKEI had been in two channels with different trends. Now it seems to change the trend one more time for upwards. Technically RSI>50 and MACD will be bullish on Monday. Last week the Index with a long candle got over the Tenkan Sen. Next target it seems to be the Kijun Sen at 15054. As you can see in diagram the KUMO offered a strong support to the Index.
I am bullish for NIKKEI except if it returns into the KUMO cloud with a new support line.
Exactly from 6/2013 NIKKEI had been in two channels with different trends. Now it seems to change the trend one more time for upwards. Technically RSI>50 and MACD will be bullish on Monday. Last week the Index with a long candle got over the Tenkan Sen. Next target it seems to be the Kijun Sen at 15054. As you can see in diagram the KUMO offered a strong support to the Index.
I am bullish for NIKKEI except if it returns into the KUMO cloud with a new support line.
