Technical Analysis – Japan 225 stock index strongly bullish at 11-month high
Posted on December 6, 2016 at 11:43 am GMTThe Japan 225 stock index has eased from the 11-month high it set last week but the momentum for Japan’s leading share index remains strongly positive. The index hit the highest since January on December 2nd, peaking at 18747. It has now retraced around 60% of the downtrend that took place between June 2015 (20945) and February 2016 (14776). Prices are currently finding resistance at the 61.8% Fibonacci retracement level of this downleg at around 18585. The near-term bias is [..]