Japanese Prime Minister said he would join the US led "India Pacific economic framework"

Fundamental analysis:

The Nikkei 225 index closed down 517.2 points, or 1.92%, at 26394.00 on Thursday, May 19. According to Kyodo news agency, Japanese Prime Minister Fumio Kishida plans to cooperate with the Japan US Summit on the 23rd, saying that he will join the "Indian Pacific economic framework" (IPEF) led by the Biden government of the United States.

Nikkei index jpn225 - 4-hour K-line chart shows:

Technical comments: the short power fluctuated and fell rapidly, continued the downtrack oscillation of the brin belt index, and began to sort out after it went down to the node near 26072. After being supported in the short term, it began to have a huge earthquake. The long power showed signs of waiting for the opportunity to enter. The brin belt index continued to open, the MACD index hovered weakly under the 0 axis, and the RSI index was in a narrow range under the 50 equilibrium line;

Long short turning point: 26306

Pressing position: 26453, 26609

Support position: 26159, 25990

Trading strategy: bullish above 26306, target 26453, 26609

Alternative strategy: bearish below 26306, targets 26159 and 25990

The above analysis is a personal point of view and is for reference only.