The Nikkei 225 Index closed 106.34 points lower, or 0.39%, at 27325.50 on October 27 (Thursday). Junichi Suzuki, Finance Minister of Japan: We will always take action against the excessive volatility of (foreign exchange). The Japanese government spent 29.1 trillion yen on the economic stimulus plan.
Nikkei index JPN225 - 4-hour K line chart shows:
The 4-hour chart shows that the momentum of high short positions has maintained a good downward trend, and the short-term downward trend may continue. The MACD index is in the high position in the long region and hovers near the 0 axis, while the RSI index is in the lower side of the 50 equilibrium line;
Empty turning point: 27054
Pressing: 27189, 27313
Support: 26896, 26783
Trading strategy: 27054 lower bearish, target 26896, 26783
Alternative strategy: bullish above 27054, target 27189, 27313