The Nikkei 225 rallied to a fresh all-time high of 63,788 after a powerful technology-led surge driven by SoftBank Group and Murata Manufacturing. However, technical indicators now signal growing exhaustion risks beneath the 64,145 resistance level. A developing bearish Head & Shoulders formation, combined with RSI bearish divergence and Elliott Wave analysis, suggests the Japanese benchmark may enter a short-term corrective pullback despite its broader medium-term bullish trend remaining intact
12-05-2026 05:04 GMT
by Kelvin Wong