Japan 225 (NIKKEI 225) Continues North

The Japan 225 market has maintained its bullish momentum, even as global stocks dip ahead of U.S. inflation data. The index has just breached the 54,000 level, and further upside movement appears likely.

Key Levels

Resistance: 55,000, 57,000, 59,000

Support: 53,000, 51,000, 49,000

Japan 225 Bulls Keep Charging Ahead of Key U.S. Data

The NIKKEI 225 market has sustained its upward trajectory. The ongoing session is marked by a small green candlestick, which, despite its size, confirms that bullish forces remain active and are attempting to preserve the trend. Price action continues to trade above the 9-day Exponential Moving Average (EMA).

Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are still climbing deeper into the overbought region. This development reinforces bullish dominance and suggests that the market may continue pushing higher.

NIKKEI Buyers Are Staying Sharp

On the 4-hour chart, price action is clearly advancing upward. The last three candlesticks are bullish, with each successive candle larger than the previous one, reflecting strengthening momentum above the 9-day EMA curve.

The SRSI indicator lines are approaching a bullish crossover around the 50 level. Should this crossover materialize, it could provide additional upside momentum, potentially driving the index through the 55,000 threshold. As such, this level may serve as a reasonable short-term target.

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