Nikkei 225 recently reached the buy target 15000.00 that was set in our earlier report for this index. The price has been rising strongly from the middle of May – when it reversed up from the major support level 14000.00 and broke the resistance trendline from January (as you can see from the daily Nikkei 225 chart below).
Nikkei 225 is expected to rise further in the currently active minor impulse wave 3 toward the next buy target 15300.00 – followed by 15500.00 (forecast price for the completion of wave 3). Buy stop-loss can be placed below 15000.00.
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