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JPN225: bearish shares fell in shock

Fundamental analysis:

The Nikkei 225 Index closed down 362.42 points, or 1.31%, at 27326.00 on September 21 (Wednesday). The widening gap between the Bank of Japan's ultra loose policy and the rapid tightening policy of other central banks around the world prompted policymakers to show that they are ready to take action to cope with the fluctuating exchange rate trend this month.

Nikkei index JPN225 - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the short position in the market is in good condition. After the low position is sorted out for a short time, it drops rapidly. The short position downward trend may continue. The MACD indicator is in the short position area and remains sorted, while the RSI indicator is hovering below the 50 equilibrium line;

Empty turning point: 26935

Pressing position: 27045, 27169

Support position: 26752, 26648

Trading strategy: 26935 bearish, target 26752, 26648

Alternative strategy: bullish above 26935, target 27045, 27169

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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