(CercleFinance.com) – The Nikkei regains 0.41% towards 38,229 and erases the 0.34% lost the day before: the scenario was identical on Tuesday and Wednesday (+1.57% then -1.63%) in such a way that the week ends with complete stagnation on the Tokyo stock market (-0.02%).
The Nikkei ended overall below the former support of 38,400/38,500 from mid-March, which is not a favorable indication.
A relapse below 38,000 could lead the Nikkei towards the re-test of the level of 36,550, i.e. the former zenith of January 22.
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