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Nikkei pushed higher, approaching key Fibonacci confluence zone at our Pivot, where we have 61.8% Fibonacci retracement and 100% Fibonacci extension. A short term intraday drop towards graphical swing low support and 1st support could be possible. Stochastic indicator is testing resistance where price dropped in the past as well.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.