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JPN225: high rise

2023-04-19
802
Fundamental analysis:

The Nikkei 225 Index closed up 139.72 points, or 0.49%, at 28654.50 points on April 18 (Tuesday). According to the Japan Jiji News Agency: The Bank of Japan is expected to predict that the CPI will rise by 1.6-1.9% in fiscal year 2025.

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



Brief technical analysis:

The 4-hour chart: the high level is finishing up in the short term, the market is still bullish, and there is a trend of continuing to move upward in the short term. The MACD indicator is in the bullish zone and the RSI indicator is hovering in the bullish zone;

Resistance level: 28727 28802

Support level: 28526 28442

Trading strategy: Bullish above 28610, target 28727 28802
Alternative strategy: bearish below 28610, target 28526 28442

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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