Nikkei currently approaching key Fibonacci extension. A short term intraday pullback below our Pivot towards 38.2% Fibonacci retracement, graphical overlap support and our 1st support could be possible. Stochastic is testing resistance where price pulled back 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.