Technical Analysis of JPN225 Japanese Index

JPN225 is moving within an uptrend on the daily timeframe and a bearish corrective movement on the four-hour timeframe. Price has formed an important buying zone around 55,914, which represents an FVG on both the weekly and daily timeframes. We need to see positive price action from these levels to confirm the bullish outlook.

Important Economic News:
There are no significant economic news releases related to the Japanese yen today; therefore, price movement is expected to be consistent.

Liquidity Levels:
Price is expected to rise and target 60,610, then 63,040.

The bullish scenario will be invalidated if price visits 52,984.