Fundamental analysis:
The Nikkei 225 index closed up 335.12 points, or 1.22%, at 27749.00 points on Friday, June 3. The Japanese parliament passed a bill to clarify the legal status of the stable currency and define it as a digital currency in essence. Under the new law, the stable currency must be linked to the Japanese yen or other legal tender, and the holder is guaranteed the right to redeem them at face value.
Nikkei index jpn225 - 4-hour K-line chart display:
Technical comments: the upper rail section of the Bollinger belt index channel continued to rise with concussion, and the high level retreated when it reached the 27798 node. The short-term high level or maintained the concussion trend. The Bollinger belt index showed an upward trend and the trend was good. The MACD index was maintained and sorted in the bull region, and the RSI index remained concussion and moved down slowly in the bull region;
Long short turning point: 27638
Pressing position: 27754, 27889
Support position: 27452, 27332
Trading strategy: 27638 bearish below, target 27452, 27332
Alternative strategy: bullish above 27638, target 27754, 27889
The above analysis is a personal point of view and is for reference only.