Nikkei 225 forecast for the week of September 26, 2016, Technical Analysis
The Nikkei 225 rally during the course of the week, testing the area near the ¥17,000 level. We pulled back slightly, but at the end of the day it looks like we are simply consolidating in general. If we can break above the ¥17,200 level, this market should continue to
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The Nikkei 225 rally during the course of the week, testing the area near the ¥17,000 level. We pulled back slightly, but at the end of the day it looks like we are simply consolidating in general. If we can break above the ¥17,200 level, this market should continue to climb but I recognize that it will be choppy. Nonetheless, the Bank of Japan looks very likely to trying to support this market going forward so I don’t really have any interest in selling anyway. With this, I expect choppy but positive conditions.
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