The Nikkei 225 index, as reflected in the JP225 pair, has been oscillating within a well-defined range on the M15 timeframe. The recent surge above the 59200 level, coupled with increasing momentum, suggests a potential breakout to the upside. The relative strength index (RSI) has also shown a bullish divergence, indicating a possible reversal in the downtrend. The volume has been moderate to high, indicating a strong conviction behind the move, which supports the BUY signal. The support level at 59024, set as the stop-loss, aligns with the previous swing low, while the take-profit target at 59915 corresponds to the…

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