Nikkei 225 bounces in downtrend, 64,800 key: Live levels

The article is a technical analysis update on Japan 225 (Nikkei 225), which has bounced to 63,885 but remains in a broader downtrend from the 73,765 peak. Short-term indicators have improved, including a bullish MACD crossover, price above the 20-period average, and RSI back to 53.5. However, the index is still below the 200-period moving average and facing heavy resistance at 64,800–65,000, creating a risk of a bull trap if breakout attempts fail. Support is highlighted around 62,000, with a broader support band at 62,500–63,200. Overall market bias remains bearish unless the index can convincingly clear 64,800 with volume and a 4-hour close.