Fundamental analysis:
The Nikkei 225 index closed up 113.34 points, or 0.43%, at 26439.50 points on Thursday, June 16. According to the data of Japan's Ministry of finance, the trade deficit increased to 2.38 trillion yen (US $17.7 billion), the highest since january2014. Imports soared by 48.9% year-on-year, while exports increased by 15.8%.
Nikkei index jpn225 - 4-hour K-line chart display:
Technical comments: the short power continued to fluctuate and fall near the brin zone index, and began to fluctuate after the low level reached the node near 25539. The short-term short power continued to decline, the brin zone index continued to open its mouth, the MACD index continued to fluctuate and move downward in the short area, and the RSI index continued to fluctuate and move downward in the short area;
Multi empty turning point: 25720
Pressing position: 25912, 26093
Support position: 25452, 25276
Trading strategy: bearish below 25720, target 25452, 25276
Alternative strategy: bullish above 25720, target 25912, 26093
The above analysis is a personal point of view and is for reference only.