Japan’s Nikkei 225 retreated below support at 16000 and is testing the long-term trendline. Breach of support at 15000 would warn of a test of primary support at 13200, while recovery above 16000 would suggest a primary advance to 17500*. A rising Dollar/Yen exchange rate would strengthen the bull signal.
* Target calculation: 15000 + ( 15000 – 12500 ) = 17500