Technical Analysis – Japan’s Nikkei at critical levels; looks to reverse uptrend
Posted on February 5, 2014 at 8:56 am GMT[caption id="attachment_13093" align="alignnone" width="550"] (click to enlarge)[/caption] The Nikkei 225, the Japanese stock average, was one of the best performing stock markets in the world during 2013, rising in excess of 50%. The last trading day of 2013 also marked a 6-year closing high for the Nikkei 225 at 16,400 (on a front-month futures basis). The level also marks an important resistance point, which needs to be overcome to say that the uptrend is resuming. Since hitting this level, the [..]