FX.co ★ NIKKEI approaching resistance, potential drop!

Nikkei is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement , 61.8% Fibonacci extension , horizontal overlap resistance where a strong drop might occur below this level pushing price down to our major support at 20303.4 (61.8% Fibonacci retracement , Horizontal swing low support)

Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.