Green Pips In The Nikkei – Fresh Trading Levels
Arslan Butt • 1 min read
Today, the Nikkei gave us another excellent trading signal which closed at profit level, helping us pocket quite a good number of pips. On the flip side, our forex trading signal on Gold also remained in profit, however, it's now consolidating into red territory.
The Japanese stocks edged higher today over the weaker Yen. The Nikkei's positively correlated indices rose due to favorable earnings reports. For example, the S&P 500 soared 0.6%. The Nasdaq touched record highs for the second day upon breaking $6000.
Nikkei – 15 Mins Chart & Trading Range
Nikkei – Intraday Trading Levels
S1 19171 R1 19347
S2 19069 R2 19421
S3 18893 R3 19597
At the moment, I'm not recommending any trade in Nikkei as it's stuck in a narrow trading range of $19240 – $19325. Let's wait for the breakout to determine further trends in the Japanese Index.