Japan 225 (Nikkei 225) Remains Moderately Bullish

The Japan 225 index continues to trend upward following news of U.S. trade tariffs. Additionally, stronger-than-expected U.S. jobs data has helped ease concerns about potential global economic downturns caused by those tariffs.

Key Price Levels
Resistance Levels: 38,000, 39,000, 40,000
Support Levels: 37,000, 36,000, 35,000

Nikkei 225 Breaks Through 37,000 Price Barrier

As previously noted, the Japan 225 has maintained a steady upward trajectory for more than a week. This bullish movement has gently driven prices higher, causing a gradual expansion of the Bollinger Bands.

Likewise, the Moving Average Convergence Divergence (MACD) lines are trending sharply upward through the indicator’s equilibrium level. The MACD histogram bars remain green and above equilibrium, reflecting sustained bullish momentum and suggesting that further gains may lie ahead.

Japan 225 Bulls Maintain Pressure

Even in shorter time frames, the Nikkei 225 shows strong performance. Price action has consistently held above the midline of the Bollinger Bands, with candles closing in the green and nudging the upper band higher.

Additionally, the MACD lines remain above the equilibrium level, continuing their upward trend, while the histogram bars are also green and positioned above equilibrium. Technically, the index appears poised to reach the 37,500 mark in the near term and could soon challenge the 38,000 level.

Make money without lifting your fingers: Start trading smarter today