Japan 225 (JP225USD) Is in a Strong Trend, Reaches an Overbought Region

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


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. A correction candle tested the 0.382 Fibonacci retracement level. This indicates that the index will rise and reach  2.618 extension level. However, the first target price of the index is at  level 1.618 extension level. The index is likely to reverse at the 2.618 extension level. This is the second target price of the Fibonacci tool. The RSI is confirming that the index is in the overbought region. The market may take a downward move.

JP225USD – Daily Chart

Daily Chart Indicators Reading:
Japan 225 has risen to level 76 of the Relative Strength Index. It is in the overbought region. Sellers are likely to emerge to push prices down. 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 ascending channel. The price has risen and reached a high of level 23266 at the time of writing. The index will rise and reverse in the overbought region.

JP225USD – 4 hour Chart

4-hour Chart Indicators Reading
Japan 225 is now above 80% range of the daily stochastic. The market has reached the overbought region. It is likely to take a downward move. The 21-day SMA and the 50-day SMA are sloping upwardly indicating the upward move.


General Outlook for Japan 225 (JP225USD)
Japan 225 is in a strong bullish move. The index has recovered from the bear market. All the indicators are showing an overbought region of the index. Sellers are supposed to emerge in the overbought region.



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

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *