Open account

Nikkei 225 Rebounds from 66,000 Support Toward 72,575

The Nikkei 225 has rebounded from key support near 66,000, reinforced by the lower Bollinger Band and March uptrend line. A long-legged doji on the daily chart signals buyers have regained control after the pullback. Earlier in the period the index traded sideways near 39,770, with technicals including a falling wedge and bullish pennant pointing to a potential move back toward the 2026 high around 72,748. Rising 10-year JGB yields to 2.86% and USD/JPY near 162.36 add macro caution, yet the daily trend remains upward. Analysts now target 72,575 as the next resistance within the intact uptrend.

Category

Japan 225

Sentiment

Bullish

Event

Technical analysis

Reading time

1 min