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JPN225: Bulls Climbing

2023-04-28
801
Fundamental analysis:

On April 27 (Thursday), the Nikkei 225 Index closed up 28.03 points, or 0.10%, to 28444.50 points. Masasumi Wakatabe, former deputy governor of the Bank of Japan, said the Bank of Japan would be surprised if it adjusted its yield curve control (YCC) this Friday. The Bank of Japan may change its forward guidance this time.

The Nikkei JPN225——4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum is rising strongly, the short-term bullish sentiment is shrouded, the market is in a good bullish trend, and there is a further upward trend, the MACD index maintains shocks and moves up to hover around the 0 axis, and the RSI index is on the side of the 50 balance line and slowly rises; ,

Resistance level: 28793 28852

Support level: 28610 28533

Trading strategy: Bullish above 28686, target 28793 28852
Alternative strategy: bearish below 28686, target 28610 28533

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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