Jpn225: good downward trend

The Nikkei 225 index closed down 454.70 points, or 1.72%, at 25976.50 points on Friday, June 17. On Friday, the Bank of Japan kept the ultra-low interest rate unchanged and insisted on the guidance of keeping the borrowing cost at the "current or lower" level, indicating its determination to focus on supporting the economic recovery from the COVID-19.

According to the 4-hour chart, the short power continues to continue. The Bollinger belt indicator channel continues to vibrate downward, and starts to rise after the low level falls below the nodes near the lower track. The short-term downward trend may continue. The Bollinger belt indicator shows an opening trend and moves downward, and there are signs of closing. The MACD indicator remains in the short area and remains in shock. The RSI indicator is arranged below the 50 equilibrium line;

Multi empty turning point: 25939

Pressing position: 26156, 26352

Support position: 25748, 25557

Trading strategy: 25939 down bearish, target 25748, 25557

Alternative strategy: bullish above 25939, targets 26156 and 26352