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Nikkei, D1 is facing bearish pressure

Preferred Case:

Nikkei pushed up strongly and is now approaching key 100% Fibonacci extension level at our Pivot, which is also in line with a recent graphical swing high. With stochastic indicator testing resistance where price pulled back in the past, a drop towards graphical overlap support and our 1st support where we have 23.6% Fibonacci retracement level is possible.

Alternative Case:

Otherwise, breaking above our pivot will see a revewed push on nikkei towards our 1st resistance

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