Japan's core machinery orders rose 10.8% month on month in April

Fundamental analysis:

The Nikkei 225 index closed down 238.36 points, or 0.90%, at 26391.50 points on Wednesday, June 15. According to the statistical report released by the Japanese Cabinet Office on the 15th, the core machinery orders, which are regarded as the leading indicators of private equipment investment in Japan, continued to rise month on month in April after the recovery last month.

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

Technical comments: the short power continued to vibrate and descend near the brin zone index. After the low level reached the node near 26121, the long power began to wait for the opportunity to enter slowly. After touching the node near the middle rail of the brin zone index, the brin zone index continued to close. The MACD index was in the short area, and the low level concussion moved up slowly. The RSI index was in the short area, and the low level concussion kept rising;

Multi empty turning point: 26482

Pressing position: 26696, 26888

Support position: 26285, 26104

Trading strategy: bullish above 26482, target 26696, 26888

Alternative strategy: 26482 bearish below, target 26285, 26104

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