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JPN225: High finishing

2023-02-01
978
Fundamental analysis:

The Nikkei 225 Index closed down 114.90 points, or 0.42%, at 27318.50 points on January 31 (Tuesday). Japan's Kyodo News Agency's national telephone public opinion survey revealed that Japanese Prime Minister Fumio Kishida cannot escape the status quo of the sluggish cabinet approval rating.

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 of shocks in the short term, the market is entangled in the high level consolidation, and there is no sign of breaking through the range in the short term, the MACD indicator is finishing on the upper side of the 0 axis, and the RSI indicator is hovering weakly on the upper side of 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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