Japan 225 (JP225USD) Is in a Sideways Trend, May Reach Level 23400
Login

Japan 225 (JP225USD) Is in a Sideways Trend, May Reach Level 23400

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:

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

Japan 225 (JP225USD) Long-term Trend: Ranging
Japan 225 is range-bound between levels 22000 and 23000. The price is attempting to break the resistance at 23000. The index is likely to reach level 23400 if the resistance is breached. However, since June the market has not reached level 23400.

JP225USD – Daily Chart

Daily Chart Indicators Reading:
Japan 225 has risen to level 64 of the Relative Strength Index. The index is in an uptrend zone and it is presently rising. The 21-day SMA and 50-day SMA are sloping sideways indicating the sideways trend.

Japan 225 (JP225USD) Medium-term Trend: Bullish
On the 4- hour chart, the index is in a sideways move but making an upward move. On August 13 uptrend, the market reach level 23400 and was repelled. After a sideways move, the coin dropped to level 23100 low. A red candle body tested 0.886 Fibonacci retracement level. It indicates that price will rise and reach level 1.129 extension level. In other words, the index will reach the high of 23400.

JP225USD – 4 hour Chart

4-hour Chart Indicators Reading
Japan 225 is below 80 % range of the daily stochastic. It indicates that the market is in bearish momentum. The index has already fallen after the initial resistance The 21-day SMA and the 50-day SMA are sloping upward.

General Outlook for Japan 225 (JP225USD)
Japan’s 225 index is in a sideways trend. The index is presenting rising. According to the Fibonacci tool, the index will reach 1.129 Fibonacci  extension level.


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
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News