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Jpn225: long shock up

Fundamental analysis:

The Nikkei 225 index closed up 316.25 points, or 1.12%, at 28531.00 on Monday, September 12. It is expected that the Bank of Japan will end the covid-19 assistance program for small enterprises as planned this month and discuss adjusting the policy guidance that lists the epidemic as the number one economic risk.

Nikkei index jpn225 - 4-hour K-line chart shows:

Technical analysis:

According to the 4-hour chart, the momentum of low-level bulls maintains a good momentum of concussion and uptrend, short-term bullish sentiment is shrouded, and the upward trend of bulls may continue. MACD index is in the high-level consolidation of the long region, and RSI index is in the high-level consolidation of the long region;

Long short turning point: 28289

Pressing position: 28485, 28599

Support position: 28166, 28039

Trading strategy: bullish above 28289, target 28485, 28599

Alternative strategy: 28289 bearish, targets 28166 and 28039

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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