Market Structure
The short-term structure has turned bearish after a series of lower highs and strong bearish candles. Momentum currently favors sellers unless buyers can quickly reclaim higher levels.
Key Resistance
First Resistance: 66,200–66,500
This area is the first recovery hurdle and may attract fresh selling pressure if price rebounds.
Second Resistance: 67,200–67,600
A move back above this zone would improve the short-term outlook and reduce bearish pressure.
Key Support
First Support: 65,400–65,600
Price is approaching this important support zone, where buyers may attempt to slow the current decline.
Second Support: 64,800–65,000
If the first support fails, this area becomes the next major demand zone and could determine whether a larger correction develops.
Market Sentiment
Market sentiment has shifted to cautiously bearish.
The recent decline reflects weakening buying momentum and increasing profit-taking. While the broader trend remains constructive over the medium term, short-term momentum currently favors sellers until a meaningful recovery develops.
Please share your view below:
Will Japan 225 find support around 65,500 and rebound? Or is this the beginning of a deeper correction?
More market structure and key level updates will be shared regularly.
The short-term structure has turned bearish after a series of lower highs and strong bearish candles. Momentum currently favors sellers unless buyers can quickly reclaim higher levels.
Key Resistance
First Resistance: 66,200–66,500
This area is the first recovery hurdle and may attract fresh selling pressure if price rebounds.
Second Resistance: 67,200–67,600
A move back above this zone would improve the short-term outlook and reduce bearish pressure.
Key Support
First Support: 65,400–65,600
Price is approaching this important support zone, where buyers may attempt to slow the current decline.
Second Support: 64,800–65,000
If the first support fails, this area becomes the next major demand zone and could determine whether a larger correction develops.
Market Sentiment
Market sentiment has shifted to cautiously bearish.
The recent decline reflects weakening buying momentum and increasing profit-taking. While the broader trend remains constructive over the medium term, short-term momentum currently favors sellers until a meaningful recovery develops.
Please share your view below:
Will Japan 225 find support around 65,500 and rebound? Or is this the beginning of a deeper correction?
More market structure and key level updates will be shared regularly.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
