JPN225: high rise

On April 28 (Friday), the Nikkei 225 Index closed up 401.82 points, or 1.41%, to 28859.50 points. Kazuo Ueda, Governor of the Bank of Japan: The current high inflation may continue for several months, and it is uncertain how inflation will pick up after cooling down. We can expect stable, sustainable inflation to take hold. It's unclear what kind of policy our assessment would lead to. It's unclear what kind of policy our assessment would lead to. The review is not specific to a policy path.

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

Looking at the 4-hour chart: the bullish momentum continues to rise at a high level, the short-term bullish sentiment remains, the market bulls continue to climb, the MACD indicator is in the bullish zone and continues to move upward, and the RSI indicator is in the bullish zone and fluctuates upward;

Resistance level: 29146 29222

Support level: 28927 28844

Trading strategy: Bullish above 29003, target 29146 29222

Alternative strategy: bearish below 29003, target 28927 28844