Japanese Equities Go Down

Within the chart we have seen price break out of the long term sideways range within the JPN225 index. Price has broken out of the range to the downside where it is now sitting at the 19650 support.

If we see bearish continuation from here breaking through the support, trendline and inchimoku cloud, then we will be looking for some sort of retest for a potential short market entry order. Patience at the moment is the key as we could be having a potential opportunity within this market.

Below 19400 we would have gone below the support and that could expose the Japanese equity market to more bearish pressure with big downside potential.

Key area would be the 19500 level for a make it or break it movement.

Chart: JPN225 D1