Nikkei 225 nears 62,500 breakdown in bearish trend: Live levels

The Nikkei 225 is entrenched in a distinct technical downtrend on its 5-hour chart, with prices trading around 62,822.5 and pressing closely against critical support at the 62,500 level. Multiple technical indicators underscore the strong bearish momentum, with the index trading along the lower Bollinger Band, positioned below its 20, 50, and 200-period simple moving averages, while displaying negative signals across MACD, SuperTrend, and a dominating descending triangle formation. Technical analysts note that a decisive five-hour close below 62,500 would confirm a major structural breakdown, potentially accelerating downside movement toward key technical targets at 60,520, 59,000, and 57,500. Conversely, the bearish outlook would only be invalidated if the index manages a rebound and closes above 65,083. While short positions remain favored by trend-followers, analysts caution that aggressive selling directly into support poses squeeze risks if the Relative Strength Index reaches extreme oversold conditions below 25.