Key Resistance Zones: 27200, 27600, 28000
Key Support Zones: 20800, 20400, 20000
Japan 225 (JP225USD) Long-term Trend: Bullish
Japan 225 has resumed a downward move after a week of fluctuation below level 29000. Since January 14, the bulls have not been able to break the resistance at level 29000. This will result in the downward movement of the coin. In the previous price action in January, the index fell to level 27585.
Daily Chart Indicators Reading:
Japan 225 has fallen to level 60 of the Relative Strength Index. It indicates that the market is in an uptrend zone. The 21-day SMA and 50-day SMA are sloping upward indicating the uptrend.
Japan 225 (JP225USD) Medium-term Trend: Bearish
On the 4- hour chart, the index is in a downward move. On February 5 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement gives the impression that the market will decline to level 1.618 Fibonacci extension or 28601.0.
4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. JP225USD is below the 40% range of the daily stochastic. The index is in a bearish momentum and it is approaching the oversold region.
General Outlook for Japan 225 (JP225USD)
Japan 225 is in a downward move. The index has fallen to level 28768 and has resumed consolidation above the current support. After consolidation, selling pressure may likely follow. According to the Fibonacci tool analysis, the index will decline to level 28601
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.