Nikkei225 Consolidated

The JPN225 Index, also known as Nikkei 225 is currently holding between the range of 20200 and 19800. As price is currently stuck within a range between a small descending trendline and support, market participants are anticipating the next big move in the Japanese economy in order to determine their direction.

Watching and waiting patiently for a breakout to be able to take a potential trading opportunity could be the best possible trading decision right now. A break to the upside could have more potential than going below the support, however it is best to wait for a confirmation in the chart.

Knowing how interconnected Japan is to Bitcoin, it would be interesting to see if today's hard fork news will leave any impact on the Japanese Index.

Chart: Nikkei225 D1