Fundamental analysis:
The Nikkei 225 index closed up 498.28 points, or 1.93%, at 26269.50 points on Tuesday, June 21. Japanese Prime Minister Fumio Kishida: monetary policy affects the exchange rate. The impact of the overall decision on small enterprises will be taken into account. Now monetary policy should not be adjusted. Monetary policy has a great impact on the economy by affecting the interest rates of small enterprises and housing mortgages.
Nikkei index jpn225 - 4-hour K-line chart display:
Technical analysis:
According to the 4-hour chart, the low-level Bull Power strongly pulled up and moved to the node near the upper rail of the brin belt index, and began to vibrate. The short-term Bull Power showed signs of continuing to move up. After the brin belt index showed a closing trend, it began to slowly open its mouth. The MACD index remained in the short area and moved up and hovered near the 0 axis. The RSI index was in the 50 balanced online side sorting;
Multi empty turning point: 26350
Pressing position: 26629, 26784
Support position: 26195, 26045
Trading strategy: bullish above 26350, target 26629, 26784
Alternative strategy: bearish below 26350, targets 26195 and 26045