Nikkei 225 stalls below 67,100 yen, raising 'bull trap' concerns.

Key points

• The Nikkei 225 is trading within a range between 65,200 and 67,100 yen, indicating market indecisiveness.
• The index faces significant technical resistance around the 67,100 yen level, raising concerns about a potential 'bull trap.'
• The 200-period simple moving average at 65,337 yen and the 38.2% Fibonacci retracement level at 65,251 yen form a dense zone of potential selling pressure.
• A decisive close above 67,100 yen could signal bullish momentum, while a failure to break out may lead to a deeper pullback toward 63,500 yen.