
The Nikkei/USD futures weekly chart shows a market that has experienced a strong rally, with price action characterized by large bars and fast momentum. However, recent short-term and intermediate-term signals have shifted bearish, as indicated by the WSFG and MSFG trends both pointing down and price trading below their respective NTZ/F0% levels. The short-term swing pivot trend is down, and recent trade signals have triggered shorts, suggesting a corrective phase or pullback is underway after a significant run-up. Despite this short-term weakness, the long-term outlook remains bullish. The yearly session fib grid (YSFG) trend is up, with price still above the yearly NTZ/F0% level, and all major moving averages (from 5-week to 200-week) are trending upward, confirming a strong underlying uptrend. Intermediate-term swing pivots remain in an uptrend, and support levels are well-defined below current price, with the nearest at 54,385. The market appears to be in a corrective or consolidative phase within a broader bullish trend, possibly digesting gains after a parabolic move. Volatility is elevated, and the recent rejection from the 60,080 resistance level may signal a period of mean reversion or sideways action before the next directional move. Swing traders should note the divergence between short-term bearish signals and the persistent long-term bullish structure, as this could set up for either a deeper retracement or a resumption of the uptrend after consolidation.