Signal JP225 Buy — H4 - May 5, 2026 11:21 GMT-4
The Nikkei 225 index on H4 timeframe shows a bullish breakout potential after a consolidation phase. Recent price action reveals higher lows and higher highs, forming a clear ascending trend with key support at 59611 and resistance near 60092. The last few candles exhibit increased volume, indicating stronger buying interest as price approaches the consolidation high. A close above 60092 would confirm the breakout, validating the buy signal. The current setup suggests a continuation of the uptrend, with volume acting as confirmation of the bullish momentum. Price is likely to target the next resistance level around 62606, given the prior…