Signal JP225 Buy — H1 - June 17, 2026 16:39 GMT-4
The Nikkei 225 index on H1 has been consolidating near key support levels, with recent closes hovering around 70033-70190. The prior candles show a bullish pattern, where the close of the 70179 candle (1781690400) breaks above the 69909-70190 range, indicating strong momentum. Volume spikes in the last three candles (1781690400, 1781694000, 1781697600) suggest increasing buying pressure, confirming the bullish bias. The current price action is testing resistance at 70190, with the close near this level implying potential for further upward movement. The consolidation phase has been characterized by a series of higher lows and lower highs, forming a symmetrical triangle.…