The Nikkei Average fell for the first time in three sessions on the 6th, closing at ¥65,683.26 and falling below its 25-day moving average again. Resistance on the upside was apparent, and the market has become increasingly range-bound in the short term.
The Nikkei Average fell for the first time in three sessions on the 6th, closing at ¥65,683.26, down ¥617.18 from the previous day and below the ¥65,000 key level. The candlestick chart formed a bearish candle, highlighting resistance on the upside.
The Nikkei Average fell below its 25-day moving average of ¥66,093.77 again and traded within a range in the short term.
The closing price was within the narrow range between the 75-day moving average of ¥65,214.24 and the 25-day moving average of ¥66,093.77, a level where short-term range-bound trading is intensifying.