Best Buying Zones Expected on the Japanese Nikkei Index

The Japanese Nikkei index continues its strong upward trend, reaching new record highs near 60,072.

The index has established new strong buying demand zones, indicating continued buying dominance.

The long-term outlook remains bullish, so it is advisable to focus on buying during the current correction.

Expected Targets

If the index reaches the current demand zones near 57,400, we expect to see a renewed upward move targeting 58,400 and then 60,000, as shown on the chart.

However, if the index breaks below these demand zones and closes below them with a full candlestick, we anticipate a decline to the next levels, which align with the upward trend, before resuming its upward movement.