Nikkei 225 Index faces strong resistance, unable to break free

October 23, 2020 Update: The Nikkei maintained its small bull triangle, and Credit Suisse analysts believe the index may test its long-term resistance at 23,920, which is the potential downtrend from the high in 2018 before the 2019 highs at 24,090 and 24,115. Finally, they see a test of the 2018 high at 24,450, although they expect that to remain a strong barrier.In order for the triangle to be negated, the Nikkei would have to close below 22,950 and reenter a ranging environment.Nikkei 225 Index maintains bull triangle under long-term resistanceSeptember 24, 2020 Update: Credit Suisse analys…

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