The Nikkei Stock Average has remained firm for consecutive sessions while the 25-day moving average is being watched as overhead resistance. Resistance at this short-term level and the market's underlying firmness are expected to influence its future course.
A technical analysis has been reported indicating that the Nikkei Stock Average is facing the 25-day moving average as overhead resistance. The analysis suggests that the index may still find it difficult to break above this level.
At the same time, recent trading has remained firm for consecutive sessions, with the index reportedly holding without a significant deterioration in downside levels.