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Barclays Capital strategists note that both Japan's Nikkei 225 and Topix indexes have broke above key Fibonacci swing targets at 10,481 and 927.52 respectively,"While we had been looking for a bullish break in the range, we did not anticipate one so soon," they say. Barclays targets an initial test of 10,675 in the Nikkei, the "same area as the equal head and shoulders target which comes in at 10,700." The Topix "equal swing target" comes in at 948.54.The Nikkei closed at 10,541.04.
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