NKY: index of Nikkei Stock Average is recovering

Forex analytics: The surge of decline in NKY, which started in December, has stopped around the level of 16000. Currently, NKY index has regained part of the losses, growing up to the level of 17520 (Fibonacci 38.2%). If the price manages to consolidate above this level, the price can grow up to the level of 17975 (Fibonacci 50%, ЕМА200 on 4-hour chart). Breakdown of the level of 17975 and resistance level of ...