JAPAN hit by covid cases and the economy contracted 1,2%

Japan GDP growth drops 1,2% YoY, and it is followed by a increase in covid cases


In the chart we can see:


76,4% FIbo could be the next support, because has already been tested the line after the breakout occured at 9AM GMT, and the top line of descending channel was tested twice after that, followed by bullish candles crossing EMA

MACD and Signal is already above de 0%, and we can look at RSI, and it seems to be strong signal above 50