Bearish outlook for Nikkei225 / Bullish outlook for JPY

The yellow highligthed areas er in advance calculated price levels where price is expected to halt and correct in the opposite direction. The chart is zoomed out to give a better overview of this.

The Nikkei225 has a clear tendency to respect these levels. 17080 is the next level where it could correct and start a bearish move.

This is in accordance with the general outlook for the JPY, which is soon to turn bullish. JPY charts are starting to give strong bullish signals.