---
title: "Chart alert: Nikkei 225 bullish run is facing minor exhaustion below 64,145"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286037691.md"
description: "The Nikkei 225 has reached a record high of 63,788, primarily driven by technology stocks like SoftBank Group and Murata Manufacturing. However, technical indicators suggest a potential near-term corrective pullback below the 64,145 resistance level, with a bearish \"Head & Shoulders\" pattern emerging. Momentum indicators indicate exhaustion in the recent bullish trend, raising the likelihood of a retracement towards support levels at 61,945 and lower. This analysis follows a previous report on the Nikkei's bullish reversal."
datetime: "2026-05-12T05:10:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286037691.md)
  - [en](https://longbridge.com/en/news/286037691.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286037691.md)
---

# Chart alert: 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.
-   **Momentum conditions have weakened** as hourly RSI bearish divergence and Elliott Wave/Fibonacci analysis point to exhaustion in the recent five-wave bullish impulsive sequence, increasing the probability of a short-term retracement toward 61,945 and lower support zones.

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