Signal JP225 Buy — H4 - May 2, 2026 20:27 GMT-4
The Nikkei 225 index has been trading within a defined range on the H4 chart, with the last candle forming a bullish engulfing pattern. This indicates a potential shift in momentum, with the price breaking above the 59266 resistance level. The volume has been increasing, confirming the strength of the move. The current setup supports a BUY signal, as the price is poised to continue its upward trajectory. The bulls are likely to target the 61412 level, which corresponds to the 61.8% Fibonacci retracement of the previous decline. However, a stop-loss at 58565 is necessary to limit potential losses in…