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JPN225: high shock

2023-01-10
588
Fundamental analysis:
The Nikkei 225 Index closed up 132.20 points, or 0.51%, at 25953.00 points on January 6 (Friday). The BOJ should now be assessing the impact of last month's yield adjustment and sees no need to rush into yet another major move to improve bond market functioning.

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



Brief technical analysis:
The 4-hour chart: After finishing in a short-term and narrow range at low levels, the bulls are waiting for an opportunity to enter the market and rise, short-term bullish sentiment emerges, the market fluctuates at high levels, the MACD indicator is in the bullish zone, and the RSI indicator is hovering above the 50 balance line;
Long-short turning point: 26119
Suppression: 26293, 26405
Support: 25992, 25867
Trading strategy: Bullish above 26119, target 26293, 26405
Alternative strategy: bearish below 26119, target 25992, 25867

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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