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JPN225: high shock

2023-04-21
808
Fundamental analysis:

The Nikkei 225 Index closed up 32.74 points, or 0.11%, at 28639.50 points on April 20 (Thursday). Former Japanese Finance Minister Tamaki Rintaro: The Bank of Japan should change its large-scale stimulus policy, even if it is painful, but the "momentum" needed by Kazuo Ueda to make changes will only last for a year. If the Bank of Japan wants to adjust YCC, it will take some Unexpected element.

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



Brief technical analysis:

Looking at the 4-hour chart: the high level maintains a volatile trend in the short term, the market as a whole is in a high level and wide range of volatility, the MACD indicator is in the bullish area and maintains a flat shift, and the RSI indicator is hovering above the 50 balance line;

Resistance level: 26646 28727

Support level: 28474 28400

Trading strategy: Bullish above 28557, target 26646 28727
Alternative strategy: bearish below 28557, target 28474 28400

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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