Nikkei still in bearish trend, Beware of resistance at 19 465

Based on 4-hour chart, the overall bias remains bearish for the Nikkei in particular during the prices are still below the MA 50-100-200. However, maybe the price will rebound in the short term as the Stochastic indicator is still moving up in the overbought area.

Nearest resistance levels seen at 19100, a break above that area could trigger further bullish to test the 19250 area before aiming to 19465. For the other side, an area of 18 895 is the nearest support level, a break below that area should trigger further bearish momentum towards 18740 before to test 18600 region.

Resistance levels: 19100, 19250, 19 465
Level of support: 18 895, 18740, 18600

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