Nikkei 225 - Clear Bearish Divergence (Price making higher highs while RSI is making lower highs). - I am interested in Shorting the Index if it breaks 17093 ( the most recent swing low). - On a break of the lows and the trendline, I will wait for a pull back to re-test the level again then issue my short position to 16425 area. - The trend remains bullish. This is a counter trend trade.
A fall in Japan Equities will yield a fall in USDJPY GBPJPY EURJPY as it will signify Yen strength. So look for similar opportunities in the Yen Pairs.