The Nikkei 225 rebounded on the 16th for the first time in 7 sessions, but closed at ¥65,324.29, up ¥898.34 from the previous day. Strong selling pressure on rallies toward the 25-day moving average was evident, indicating that resistance remains overhead.
The Nikkei 225 rebounded on the 16th for the first time in 7 sessions and rose as high as ¥65,712.30 intraday, but settled at ¥65,324.29, up ¥898.34 from the previous day. Although the candlestick formed a small bullish line, its upper shadow did not reach the declining 25-day moving average, suggesting strong selling pressure on rallies.
In terms of Ichimoku analysis, today's close remained below the lower boundary of the Cloud. This suggested that short-term buying momentum was limited.
On a weekly basis, the 13-week moving average edged higher, but the close remained below the 26-week moving average, indicating that sellers continued to dominate.