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JPN225: High finishing

2023-01-31
993
Fundamental analysis:

The Nikkei 225 Index closed up 15.94 points, or 0.06%, at 27398.50 points on January 30 (Monday). Japan's policy advice organization "Reiwa National Assembly" (Reiwa National Assembly) issued an urgent proposal on the 30th, requesting an update of the joint statement of the government and the central bank, and positioning the price increase rate of 2% that strives to be "realized as soon as possible" as a "long-term goal." .

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



Brief technical analysis:

Looking at the 4-hour chart: the high level maintains a narrow range and slowly goes up, the market is still bullish, the short-term bullish upward trend has not changed, the MACD indicator is in a narrow range in the bullish area, and the RSI indicator is hovering weakly above the 50 balance line;

Long and short turning point: 27366

Suppression: 27534, 27635
Support: 27254, 27150

Trading strategy: Bullish above 27366, target 27534, 27635
Alternative strategy: bearish below 27366, target 27254, 27150

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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