Nikkei 225 Wave Analysis – 12 August 2026Japan 225 Spot IndexFXPRO:JAPAN225FxPro– Nikkei 225 broke daily down channel – Likely to rise to resistance level 70000.00 Nikkei 225 index recently broke the resistance trendline of the daily down channel from June – which enclosed the previous ABC correction (2). The breakout of this down channel accelerated the active minor impulse wave 3 that belongs to the intermediate impulse wave (3) from the end of June. Given the long-term uptrend, Nikkei 225 index can be expected to rise to the next round resistance level 70000.00.