Nikkei JPN225 Chart Technical Outlook resistance located at 38,094
have a resistance barrier of 38,094. My issue is that I can form no pattern from current price action. I am contemplating a period of consolidation. The next data release or the balance of trade on August 21 then the inflation rate on August 23, the latter being the most important. What I would like to see is a bearish head and shoulders formation with this pivotal level being the right shoulder. In conclusion, I expect consolidation.
