Categories: Technical analysis

Nikkei 225 Wave Analysis – 4 April 2025

Nikkei 225: ⬇️ Sell

– Nikkei 225 broke support zone

– Likely to fall to support level 30600.00

The Nikkei 225 index recently broke the support zone located at the intersection of the support level 35000.00 (former monthly low from September) and the support trendline of the daily down channel from January.

The breakout of this support zone accelerated the active downward impulse wave 3 of the higher-order impulse wave (C) from January.

The Nikkei 225 index can be expected to fall to the next support level 30600.00 (former major support from August of 2024).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Nikkei 225

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