- February 17, 2025
- Posted By: james w
- Category: Market News
JAP_MAR25 Price Action and Technical Outlook
JAP_MAR25, commonly referred to as the Nikkei 225 Futures (March 2025 Contract) serves as a critical barometer for Japan’s stock market, reflecting economic sentiment and global risk appetite. Today’s economic releases, including Japan’s GDP Deflator, Real GDP, Industrial Production, and Tertiary Industry Activity Index, will significantly impact market direction. A higher-than-forecast GDP deflator and real GDP would strengthen the yen and support equity markets, while weak production and service sector data could hint at economic sluggishness, possibly leading to increased market volatility. With the next GDP and production data releases scheduled in mid-March and May, today’s figures will set the tone for near-term sentiment, influencing investor confidence in Japanese equities.
Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
After breaking the downtrend resistance line, JAP_MAR25 has established an uptrend, forming higher highs and higher lows. Currently, the price is sitting on the support line, where a bullish engulfing candle and an inside bar (pin bar) pattern suggest a potential continuation of the uptrend. Should the support hold, the price may attempt another breakout towards the resistance zone ahead, which has previously acted as a supply area. However, if the trendline support fails, the first downside target could be the stronger, long-term support zone below, providing a key decision point for price action traders. The Relative Strength Index (RSI) is around 52, indicating a neutral stance but with potential upside momentum. Meanwhile, the MACD histogram shows weakening bullish momentum, and a bearish crossover may emerge if selling pressure increases. This technical setup suggests that while the uptrend is still intact, traders should closely monitor price action at the support level before committing to new positions.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.