Indices

The weekly price is located above Ichimoku cloud in the bullish area of the chart. The price is on ranging within 24161/26288 support/resistance channel. If the price breaks 26288 resistance to above so the primary bullish trend will be continuing. If the price crosses 24161 support to below so the secondary correction will be started with 21250 support as good target to re-enter for the possible bearish reversal for example. Recommendation: watch Chikou Span like for possible bearish breakdown; otherwise - ranging

NIKKEI 225 Index weekly price is located far above 200 SMA, 100 SMA and 55 SMA as well in the bullish area of the chart. The price is trying to break the ascending triangle pattern with resistance level at 53937 to above for the bullish trend to be continuing. Alternatively, the price will be on ranging condition within s/r levels at 44010/53937 waiting for direction of the strong bullish trend to be continuing or the secondary correction to be started.