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JPN225: high rise

Fundamental analysis:

The Nikkei 225 Index closed up 278.06 points, or 0.96%, at 29134.50 points on May 1 (Monday). South Korea and Japan are conducting final coordination and communication on the meeting between South Korean President Yoon Suk-yue and Japanese Prime Minister Fumio Kishida at the Yongsan Presidential Palace in Seoul on the 7th. The two sides are discussing plans to simultaneously announce Fumio Kishida's visit to South Korea and the schedule of the South Korea-Japan summit meeting tomorrow.

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

Brief technical analysis:

Looking at the 4-hour chart: the high-level bullish momentum continues to fluctuate and rise, the short-term bullish sentiment remains, the market bullish momentum continues to rise, the MACD indicator is in the bullish zone and continues to rise, and the RSI indicator is in the bullish zone and is rising at a high level;

Resistance: 29374 29455

Support level: 29126 29043

Trading strategy: Bullish above 29224, target 29374 29455
Alternative strategy: bearish below 29224, target 29126 29043

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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