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JPN225: high down

2023-04-27
808
Fundamental analysis:

On April 26 (Wednesday), the Nikkei 225 Index closed down 190.57 points, or 0.67%, to 28429.50 points. Kazuo Ueda, Governor of the Bank of Japan: Cost-driven inflation in Japan has peaked, and it is difficult for monetary policy to respond to cost-driven inflation. It is important that governments commit to work on sustainable financing. The risk of rising inflation due to a loss of confidence in Japan's finances is currently low.

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



Brief technical analysis:

Looking at the 4-hour chart: high volatility and downward trend, the short-term decline may continue, the market as a whole is in a bearish mood, the MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line for weak consolidation;

Resistance level: 28413 28481

Support level: 28233 28157

Trading strategy: bearish below 28345, target 28233 28157
Alternative strategy: call above 28345, target 28413 28481

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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