Nikkei 225 Is Coiling Up

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Nikkei 225 Is Coiling UpJapan 225 IndexTVC:NI225isahebdadiAfter a strong uptrend, price is consolidating inside a symmetrical triangle, a pattern that often precedes a continuation move. Bullish Scenario If price breaks above 51,500: •Target 1: 52,800 •Target 2: 54,500 •Target 3: 56,000 •Stop-loss: Below 50,900 Bearish Scenario If price breaks below 49,600: •Target 1: 47,800 •Target 2: 45,500 •Target 3: 43,500 •Stop-loss: Above 50,200 Short Fundamental Overview •Weak Japanese yen supports export-heavy companies. •BOJ’s accommodative stance remains supportive. •Yet, price is near major historical resistances.