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UBP: Technical analysis suggests 8.8% upside potential for TOPIX

Technical analysis suggests that the TOPIX index has formed an ‘inverted head and shoulder’ pattern, which supports a bullish outlook for the Japanese benchmark, says UBP, which sees upside potential of 8.8% for the index over the medium term. “The recent rally in TOPIX from a low of 1,452 to a high of 1,591 has seen an upside breakout from…

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