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Chart Of The Day: Nikkei 225

Published 04/20/2021, 01:57 AM
USD/JPY
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JP225
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The Nikkei 225 should be in focus near term as the Japanese market is setting up a symmetrical triangle.

With the big moves in the JPY overnight with USDJPY back below the 108.35 support and Some of the other JPY crosses pressured, perhaps a move below the 28,800 may accelerate some JPY gains. The market was pretty biased short JPY a couple weeks back and perhaps some of those trades continue to unwind on a break lower out of the triangle in the Nikkei 225. Also, note the very divergent RSI on the daily charts as well. 

Nikkei 225 Index Daily Chart

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