Japan 225 (JP225USD) Faces Rejection at Level 26200, Uptrend Likely
Login

Japan 225 (JP225USD) Faces Rejection at Level 26200, Uptrend Likely

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

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

Japan 225 (JP225USD) Long-term Trend: Bullish
Japan 225 rebounded above level 23200 to resume an upward move. Previously, the index has been consolidating above level 22400 before the rebound. The index is facing rejection at level 26000. The uptrend will resume once the resistance at level 26000 is breached. Otherwise, Japan 225 will resume a sideways move.

JP225USD – Daily Chart

Daily Chart Indicators Reading:
Japan 225 has fallen to level 67 of the Relative Strength Index. It indicates that the market is in the uptrend zone. The 21-day SMA and 50-day SMA are sloping upward indicating the uptrend.

Japan 225 (JP225USD) Medium-term Trend: Ranging
On the 4- hour chart, the market is in an upward move. On November 9 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. This indicates that JP225USD will rise and reach level 2.618 Fibonacci extensions. That is the market will rise to level 28501.20.

JP225USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. JP225USD is above the 25% range of the daily stochastic. The index was earlier in the oversold region. Presently, the market is in bullish momentum.

General Outlook for Japan 225 (JP225USD)
Japan’s 225 is in an upward move. The index is currently facing resistance at level 26200. A fresh uptrend will begin once the current resistance is breached. The index is moving up to revisit the previous highs.



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
  • 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