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Nikkei 225 Bullish Run Is Facing Minor Exhaustion Below 64,145

By Seeking Alpha May 12, 2026 Bearish
Nikkei 225 Bullish Run Is Facing Minor Exhaustion Below 64,145
Nikkei 225 continued its strong rally to a fresh record high of 63,788, driven largely by technology-related heavyweights such as SoftBank Group and Murata Manufacturing. Despite the broader medium-term bullish trend remaining intact, technical indicators now suggest a near-term corrective pullback risk below the 64,145 resistance level, supported by a developing bearish "Head & Shoulders" pattern.
Nikkei 225 continued its strong rally to a fresh record high of 63,788, driven largely by technology-related heavyweights such as SoftBank Group and Murata Manufacturing. Despite the broader medium-term bullish trend remaining intact, technical indicators now suggest a near-term corrective pullback risk below the 64,145 resistance level, supported by a developing bearish "Head & Shoulders" pattern.