JP 225 Index Flirts With 20-SMA after Sharp Rebound; Bearish Bias Intact

<p>Japan’s 225 stock index barely surpassed the 2019 support-turned-resistance level of 19,239 as the blue Kijun-sen line stood tall. Nevertheless, it managed to close slightly above the 20-day simple moving average (SMA). The RSI and the Stochastics reflect that downside risks remain in place as the former seems to be losing momentum before even touching its [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/283265-jp-225-index-flirts-with-20-sma-after-sharp-rebound-bearish-bias-intact/">JP 225 Index Flirts With 20-SMA after Sharp Rebound; Bearish Bias Intact</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>