Market Analysis of JP225 on Thursday 2 November 2023

2023-11-02 13:14Source:BtcDana

JP225 TECHNICAL ANALYSIS SHORT TERM VIEW     

  JP225 is running in wave 3 as shown in graph with immediate support 31213 to 31650 .Trend is positive now and it can rise 34000 levels positionally. Overall stop loss is 31200 and buying  is better for upside intraday targets above 32200 and positionally for 34000 targets .One day chart showing positionally stop loss 29700 for main target 34000.

 QUICK FUNDAMENTAL LOOK                                                                     

Japan's Nikkei share average crossed the key psychological 32,000 mark on Thursday for the first time in two weeks amid bets for an end to the Federal Reserve's monetary tightening cycle and a peak in U.S. yields.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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