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JPN225: high shock

2023-01-25
965
Fundamental analysis:

The Nikkei 225 Index closed up 398.96 points, or 1.48%, at 27305.00 points on January 24 (Tuesday). Japanese Finance Minister Shunichi Suzuki: The Bank of Japan does not buy bonds to monetize debt. It is hard to say what affects the exchange rate. The foreign exchange rate is determined by the market.

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



Brief technical analysis:

4-hour chart: After the high-level bullish momentum continued to fluctuate and rise, it began to consolidate, and the bullish sentiment in the market began to show signs of weakening, but it was still in an upward trend. The MACD indicator was in a high-level consolidation in the bullish zone, and the RSI indicator was hovering in the bullish zone;

Long and short turning point: 27112

Suppression: 27247, 27331
Support: 27037, 26950

Trading strategy: Bullish above 27112, target 27247, 27331
Alternative strategy: bearish below 27112, target 27037, 26950

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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