JPN225: high shock

The Nikkei 225 Index closed up 73.31 points, or 0.27%, at 27372.50 points on January 25 (Wednesday). Japanese Prime Minister Fumio Kishida: The specific monetary policy tools are determined by the Bank of Japan, including controlling the yield curve, negative interest rate policy, and buying ETFs. The most suitable candidate will be nominated to serve as Governor of the Bank of Japan. There are currently no comments on revisions to the joint government and BOJ statement. While observing future economic trends, an appropriate decision will be made on the next governor of the Bank of Japan.

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

The 4-hour chart: high short-term fluctuations within a narrow range, the market’s bullish momentum has weakened, but it is still in the high level consolidation, the MACD indicator is in the high level consolidation in the long zone, and the RSI indicator is in the long zone to maintain hovering;

Long and short turning point: 27337

Suppression: 27470, 27560

Support: 27236, 27132

Trading strategy: Bullish above 27337, target 27470, 27560

Alternative strategy: bearish below 27337, target 27236, 27132