NIKKEI 225 index has formed a turn around pattern between the support level at 8,000 and the resistance at 12,000. If the key resistance level at 12,000 is broken the turn around formation will be complete. The theoretical target price of the break out is at about 16,000.
If the resistance at 12000 holds support levels can be found at: 10,500; at about 9,500; and 8,000.
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