Topix, FTSE China A50, Hang Seng, HSCEI, USDJPY, Kospi , Nikkei 225

Daily Forecast – 06 June 2013 Topix June contract Topix tried a break of 1138 reaching 1140 but quickly sold off. We collapsed very sharply towards this week’s low of 1076 but are just holding on. We are oversold on the daily chart so could hope for a second bounce but below here we have strong weekly Fibonacci support at 1068 & we should bottom out. However if we continue lower look for a test of March highs & the 100 day moving average at 1058/58. If we manage a bounce as hoped, look

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Topix, FTSE China A50, Hang Seng, HSCEI, USDJPY, Kospi , Nikkei 225

Topix, FTSE China A50, Hang Seng, HSCEI, USDJPY, Kospi , Nikkei 225

Daily Forecast – 06 June 2013 Topix June contract Topix tried a break of 1138 reaching 1140 but quickly sold off. We collapsed very sharply towards this week’s low of 1076 but are just holding on. We are oversold on the daily chart so could hope for a second bounce but below here we have strong weekly Fibonacci support at 1068 & we should bottom out. However if we continue lower look for a test of March highs & the 100 day moving average at 1058/58. If we manage a bounce as hoped, look

See the original post here:
Topix, FTSE China A50, Hang Seng, HSCEI, USDJPY, Kospi , Nikkei 225