Nikkei 225 : Upper gap closure expected quite soon

Struggling in the face of a strengthening Yen let alone all the other problems in Japan, the Nikkei might take until next week to offer much action due to local holidays.
Trade View
• The Nikkei closed well last week, but given this is ‘Golden Week’ in Japan, with 4 holidays, we may need to wait a little longer for an attempt to close the gap to 10,254, created in early March right after the earthquake and tsunami.
• There is some technical resistance from 9980 to 10,020, with first support now 9825, then 9780.

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