A tumble through 7,590 would push the 200-day SMA at 7,548 to the fore, together with the mid-November and early December highs at 7,543 to 7,535.continues to grind higher towards the 38,800 region ahead of the major psychological 40,000 mark as the US economy and employment remain strong.
The Nikkei 225 has resumed its ascent and has risen to a new 34-year high at 37,293, a rise above which would put the psychological 40,000 mark on the cards. Were a retracement lower to be seen, however, last week’s high at 36,511 should act as at least interim support.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.