Nikkei clears 69500 as 4H/1D trend stack keeps bulls in charge
Nikkei trades above 69500 with the 4H and daily trend aligned higher and a clean EMA stack intact; dips into the 68338–68776 zone stay buys while that base holds.
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Key takeaways
- Nikkei has broken five prior resistance levels in seven days, adding over 11% on the week.
- Price holds above 69500 with trend aligned up on 4H and 1D; 1H sits neutral.
- EMA20 at 68338 is the line in the sand; a close below 68776 cautions the bull case.
Nikkei is sitting just below the 69643 session high after tearing through multiple resistance levels in a single week, and the momentum structure argues this move has further to run.
The index gained 0.77% on the day and has added over 11% across the past week, printing a 68755 to 69643 intraday range. That run has successively cleared prior ceilings at 65568 and 64589, leaving the prior resistance shelf at 68776 now acting as a base. There is no headline catalyst driving the session, but the price action alone tells a clean story.
From a trend-following perspective, the setup is constructive. The 4H and daily trends are aligned higher, and the EMA ladder — EMA20 at 68338, EMA50 at 67075 — remains stacked with price comfortably above all three moving averages. RSI sits neutral, which is healthy at this stage of a move; it leaves room for continuation before the tape becomes overextended. Volatility is elevated, consistent with a trending regime rather than a range-bound grind, and that environment favors holding longs. The next resistance to respect sits at 69689, with 69996 beyond that as the structural extension.
We look for pullbacks into the 68776 to 68338 zone as the entry window for fresh longs. A daily close back below 68776 erodes the structural base and forces a reassessment of the bull case.
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