Nikkei technical preview March 16, 2015

Fresh 15-year highs for NIKKEI on weak JPY (helping exports) and huge liquidity provision by central banks around the world. The short-term trend is up as long as NIKKEI trades higher than 18.800. The impressive rally from the January low (16.600) has created overbought market conditions, but 20.000 is the major upside target for the bulls as long as this bull market stays intact.

NIKKEI monthly chart:
Nikkei 225(Monthly)20150314192714

Chart courtesy of investing.com. http://investing.com

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