JPN225: high climb

The Nikkei 225 Index closed up 356.97 points, or 1.34%, at 26910.50 points on January 23 (Monday). According to the economic forecast data of the International Monetary Fund (IMF), Japan, which ranks third in nominal GDP (forecast value) in 2022, will have a nominal GDP of 4.3006 trillion U.S. dollars by 2023, while Germany will have a nominal GDP of 4.311 trillion U.S. dollars. According to the forecast of the IMF, even if Japan can barely avoid being overtaken from 2023 to 2027, the GPD (forecast value) gap between Japan and Germany will narrow to about 6.7% by 2023.

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

Looking at the 4-hour chart: the momentum of high-level bulls continues to rise, the market is shrouded in bullish sentiment, the short-term bullish upward trend is good, the MACD indicator is moving up from the high level in the bullish zone, and the RSI indicator is hovering at the high level in the bullish zone;

Long-short turning point: 27071

Suppression: 27214, 27302

Support: 26988, 26896

Trading strategy: Bullish above 27071, target 27214, 27302

Alternative strategy: bearish below 27071, target 26988, 26896