Japan 225 (JP225USD) Surges Ahead but Faces Resistance at 20000


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

Japan 225 (JP225USD) Long-term Trend: Bearish
JP225USD is now in an upward move after the downtrend subsided. The index is currently facing resistance at 20000. Japan 225 is consolidating below 20000 as the bulls are finding penetration difficult at the resistance. The index was previously in the oversold region but buyers are emerging to push the index upward.

JP225USD – Daily Chart

Daily Chart Indicators Reading:
Japan 225 is above 60% range of the daily stochastic. This indicates that the index is in bullish momentum. The market is in an oversold region. At the moment the bulls are emerging to push index upward. However, the daily stochastic is approaching the overbought region.

Japan 225 (JP225USD) Medium-term Trend: Bearish
On the 4- hour chart, the Japan 225 is in an ascending channel. The upward move has been hampered at 20000 resistance. The market is now in a sideways trend above 19000. It is likely the upward move will continue.

JP225USD – 4 Hour Chart

4-hour Chart Indicators Reading
The index is currently at level 51 of the Relative Strength Index period 14. This indicates that the index is in an uptrend. Japan 225 is likely to rise as it is above the centerline 50. The 21-day SMA and the 50-day SMA are sloping upward

General Outlook for Japan 225 (JP225USD)
Japan 225 index is now in an upward move. It is currently facing resistance at 20000. JP225USD will resume the upward move if the bulls break the resistance at 20000. At the moment, the index is in a sideways move.

Instrument: Japan 225 (JP225USD)
Order: Buy
Entry price: 19201
Stop: 19100
Target: 19401

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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$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
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
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.