Japan 225 (JP225USD) Fluctuates Between Levels 22400 and 22800

Japan 225 (JP225USD) Fluctuates Between Levels 22400 and 22800

Key Resistance Zones: 23200, 23600, 24000
Key Support Zones: 20800, 20400, 20000

Japan 225 (JP225USD) Long-term Trend: Bullish.
Japan 225 is in an uptrend. The index is rising after falling to level 21675 on June 11. The market is approaching the high of level 22680.80. The previous upward move was resisted at level 23000. On the upside, if the bulls break level 23000, the upward move will be accelerated to reach the high of level 24000.

Daily Chart Indicators Reading:
Japan 225 has risen to level 60 of the Relative Strength Index. The index is in the uptrend zone and above the centerline 50. The 21-day SMA and 50-day SMA are sloping upward indicating the uptrend.

Japan 225 (JP225USD) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an uptrend. The upward move is facing resistance at level 22800. On June 17, the bulls were resisted when price tested level 22800. Today, the bulls are testing the same resistance and the index is falling at the time of writing.

JP225USD – 4 Hour Chart

4-hour Chart Indicators Reading
Japan 225 is now above 80% range of the daily stochastic. This indicates that the index is in a bullish momentum and it is approaching the overbought region. The 21-day SMA and the 50-day SMA are sloping upwardly indicating the uptrend.

General Outlook for Japan 225 (JP225USD)
Japan 225 is consolidating between level 22400 and 22800 in the lower time frame. The upward move has been interrupted twice at level 22800. Each time the uptrend is interrupted the market will fall to the support of the 12-day EMA.

Note: Learn2.Trade 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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
Share with other traders!