Today, the battle between the 5MA and the breakout point.
As mentioned in yesterday's video, despite the narrowing of the interest rate gap between Japan and the United States, the USD/JPY pair has stopped at a high point, causing it to break below 153 yen. Naturally, this means that the Nikkei futures cannot just surge above 38,500 yen.
At 9:20, it crossed the 5MA downtrend at the 38,200 yen level. If it fails to turn around from here, the short-term uptrend will be negated and any long positions anticipating a short-term reversal should be closed out.
In the unlikely event that it breaks below 37868 as the closing price, it will plummet straight down to below 37000, so we must firmly hold the line at 38000 breaking.