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JPN225: High finishing

2023-01-30
991
Fundamental analysis:

The Nikkei 225 index closed at 27382.56 points today, an increase of 0.07%. The core consumer price index (CPI) in Tokyo, Japan, increased by 4.3% year-on-year in January, the fastest year-on-year increase in nearly 42 years, making the Bank of Japan continue to face the gradual withdrawal of economic stimulus measures pressure.

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



Brief technical analysis:

The 4-hour chart: the market bulls are in a high and narrow range of weak consolidation, the short-term bullish sentiment has weakened, but they are still in a high and narrow range of consolidation, the MACD indicator is in the bullish zone, and the RSI indicator maintains the 0 axis and hovers weakly last time;

Long-short turning point: 27409

Press: 27530, 27605
Support: 27314, 23236

Trading strategy: Bullish above 27409, target 27530, 27605
Alternative strategy: bearish below 27409, target 27314, 23236

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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