Japan 225 (NIKKEI 225) Extends Gains Toward the 44,000 Mark

The stock market remains impacted by recent speeches from Trump and Putin. This has fueled rallies in global markets as investors await the outcome of the talks. Consequently, the Japan 225 index continues to advance toward higher price levels, with the potential to reach even greater highs shortly.

Key Levels

Resistance: 44,500, 45,500, 46,000

Support: 42,000, 40,500, 39,000

NIKKEI Continues a Northward Course

Price activity in the Japan 225 has maintained strong upward momentum over the week, pushing the market close to the 43,500 level. Although the market recently closed in the red, the decline was minimal, and upward movement remains dominant.

The latest price candle is positioned just below the upper band of the Bollinger Bands (BB) indicator. Likewise, the BB indicator itself maintains an overall upward slope, reflecting the prevailing bullish trend.

Meanwhile, the Stochastic Relative Strength Index (SRSI) has produced a bearish crossover just below the 80 level. However, bullish momentum remains too strong for bears to take control at this stage.

Japan 225 Enters a Consolidation Phase

On the NIKKEI 225 4-hour chart, price action remains elevated but has begun moving sideways, indicating consolidation. Importantly, the market is still trading well above the middle band of the BB indicator. The most recent candle is bearish but relatively weak, showing limited downward strength.

At the same time, the SRSI lines continue to point upward, even after rising above the 70 threshold, placing them in the overbought region. This suggests that while some retracement may occur, the overall bias favors a continued move toward the 44,000 level.

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