Japan 225 (JP225USD) Makes Upward Move, Faces Resistance at Level 23750
Login

Japan 225 (JP225USD) Makes Upward Move, Faces Resistance at Level 23750

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: Ranging
Japan 225 is fluctuating in a sideways move below level 23750. The upward move has been hampered because of the overhead resistance. The price is fluctuating between levels 22950 and 23750.

JP225USD – Daily Chart

Daily Chart Indicators Reading:
Japan 225 is at level 54 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day SMA and 50-day SMA are sloping upward indicating the upward move.

Japan 225 (JP225USD) Medium-term Trend: Ranging
On the 4- hour chart, the market is in an upward move. On October 22 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. It indicates that the market will rise and reach the 21618 Fibonacci extensions. That is level 23754.40.

JP225USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move. JP225USD is above the 60% range of the daily stochastic. It implies that the market is in a bullish momentum.


General Outlook for Japan 225 (JP225USD)
Japan’s 225 index is in a sideways trend. Presently, it is rising and approaching the overbought region. Perhaps the market will reach a high of 23754.0.



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