Topix , Nikkei 225, FTSE China A50, Hang Seng, Hang Seng CE Index, USDJPY, Kospi

Daily Forecast – 17 May 2013 Topix June contract Topix broke 1261 but only as far as 1265. It does look like we could be running out of steam for this week at least. Below 1237 we retest the low of the last 2 days at 1231/30 then better support at 1221/20. This could mark the low for the day so may be worth exiting any shorts but below here we could dip as far as 1206. Resistance at 1260/65 should hold a bounce but above here look for 1276 then 1286 as the next upside targets.

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Topix , Nikkei 225, FTSE China A50, Hang Seng, Hang Seng CE Index, USDJPY, Kospi

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