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Watching the Nikkei 225 at a key level
I've been keeping a close eye on the Nikkei 225, and it looks like we're approaching a significant resistance level around the 39,000 mark. There's been a bit of consolidation around here previously, and I'm curious if we see a clear break or another rejection. My concern is if we can't sustain above 39,200; that would signal a potential return to the recent range lows, invalidating the bullish momentum I've seen develop over the past week.
2 comments · 15 points
Interesting point on the 39,200 level. What's your take on how the Yen's current weakness might impact a potential breakout or rejection at that resistance?