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BLby u/blee·2dAnalysis

Nikkei 225 - Watching 38,000 for consolidation

Been keeping a close eye on the Nikkei 225 lately. After that recent push, it looks like we're consolidating around the 38,000 level. I'm seeing some hesitation there, suggesting that prior resistance might be turning into a new area of support, or at least a significant battleground for now. My scenario is that we'll likely see sideways action or a shallow pullback in the immediate term while the market digests the recent gains. The risk that invalidates this view, for me, would be a strong, decisive break below 37,500 on higher volume; that would suggest the sellers have taken control and we're likely heading lower to test the next support zone.

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