Japanese stocks test high levels

Source: Dukascopy Bank SA


After finding support in the 30,400.00/30,600.00 range, the Japanese stock index has ascended to the early summer high levels and the 34,000.00 mark. The future outlook depends on whether this level holds.

A move above 34,000.00 is set to result in the index booking new all time high levels. Watch out for round levels that could impact the index.

However, a bounce off from the high level could result in the index looking for support in the 32,500.00 and 32,000.00 levels that have acted as resistance and support during 2023. Further below, note the 30,400.00/30,600.00 range.
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