JP225: Testing 70,000 Resistance Amid FX Intervention RisksJapan 225 IndexICMARKETS:JP225LIVERMORE333【JP225: 4H Chart】 Current Status: After plunging to the 65,300 level earlier last week, the Nikkei has rebounded following the US indices. However, the 4H EMA remains in a death cross, and the major psychological resistance at 70,000 has yet to be tested. We are currently in an ambiguous zone where neither bulls nor bears have full control. Strategy: Watch out for USD/JPY intervention risks. Although no direct intervention was confirmed last week, the 4H chart for USD/JPY is on the verge of a sell signal as of July 10, keeping the market on edge. I maintain my bearish bias as long as price stays below the critical 70,000 resistance. Action: Maintaining "probing shorts" (small positions) with 70,000 as the line in the sand. However, if the US500 shows decisive strength, I will reconsider my stance and prepare to pivot to long positions. Summary: A tug-of-war between US market strength and Yen intervention fears. I am closely monitoring whether the 70,000 "ceiling" holds or breaks in early Monday trading. #JP225 #Nikkei225 #TradingStrategy #TechnicalAnalysis