JPN225 H1 MAP: Elite 67,905 Floor vs 68,720 CeilingJapan 225 IndexPEPPERSTONE:JPN225ProjectSyndicate▪️ JPN225 H1 SNAPSHOT — EXECUTIVE SUMMARY ▪️ the Nikkei 225 is currently trading near 68,233, holding just above a well-defended support shelf after failing to reclaim overhead supply. Market structure is consolidating, with price pinned between a defended floor below and resistance above. ▪️ Primary outlook is neutral-to-constructive — the reaction at 67,905 is the key tell. While that shelf holds, buyers can attempt another push higher; losing it exposes the deeper demand stack below. ▪️ Key resistance zone: 68,720, where sellers have defended 28 times and are expected to lean again on first test. Beyond it, 69,735 is the next hurdle. ▪️ Major defense line: 67,905 — an elite level at 14 retests. Holding here keeps the bullish attempt alive; a decisive break below opens the door for a corrective slide. ▪️ Primary downside targets: 66,365, followed by 65,345, where liquidity and demand are stacked. ▪️ Major liquidity magnet below: 66,365–65,345 — this zone could trigger a strong bounce or reversal once tested. ▪️ Bullish scenario: A daily close back above 68,720 re-opens the topside toward 69,735. ▪️ KEY LEVELS RESISTANCEs ▪️ 69,735 — ★★ 6.3 Moderate · 29 retests ▪️ 68,720 — ★★★★ 8.9 Very Strong · 28 retests ▪️ Current Price: 68,233 SUPPORTs ▪️ 67,905 — ★★★★★ 9.1 Elite · 14 retests ▪️ 66,365 — ★★★ 7.3 Strong · 17 retests ▪️ 65,345 — ★★ 6.1 Moderate · 13 retests ▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for JPN225, NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels.