Sell JP225USD close below 24864 with a SL of 2937 for a TP 27905-26810.

The Index was trading in a negative trend and at the support level the index retracced to 0.618% of the negative move and again selling pressure was seen in the index and now the index is trading near the 0.382% of fibonacci level, If the index close below this level we might see selling pressure coming in the index. If the Index closes below this level it will close below the 50 day EMA .

The RSI is trading near 50 level and following the price we expect the RSI to follow the price.

The DMI- is above DMI+ indicative negativeness the ADX is above both the DMI indicating strength.

JP225USD

Oct 21 2021