Nikkei: oscillation under the middle rail

The Nikkei 225 index closed up 223.88 points, or 0.86%, at 26159.50 on Monday, July 4. The Bank of Japan will continue to implement the current monetary easing plan in "many quarters to come" to ensure economic recovery and pursue the still distant 2% sustainable inflation target.

According to the 4-hour chart: the short power continues to fluctuate downward in the Bollinger belt index channel, and the low level is adjusted to the node near the medium rail for a short time, and then hovers around. In the short term or maintain the oscillation near the medium rail, the Bollinger belt index is in the closing trend, and the MACD index is in the short area to maintain the weak consolidation, and the RSI index is in the narrow consolidation below the 50 equilibrium line;

Long short turning point: 26355

Pressing position: 26569, 26771

Support position: 26051, 25838

Trading strategy: bearish below 26355, targets 26051, 25838

Alternative strategies: bullish above 26355, targets 26569, 26771