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Jpn225: low level oscillation moves up

Fundamental analysis:

The Nikkei 225 index closed up 178.03 points, or 0.63%, at 28491.50 on Thursday, August 25. In its monthly economic report, the Japanese government believes that the economy has "moderately recovered", and its overall assessment of the economy remains unchanged from the previous month, while raising its view on factory output.

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

Technical analysis:

According to the 4-hour chart, the power of low-level bulls keeps moving up slowly, the short-term bulls are bullish, the market bulls continue to make efforts, the MACD index keeps moving up in the short area, and the RSI index is at the 50 equilibrium online side;

Long and short turning point: 28634

Pressing position: 28762, 28853

Support position: 28535, 28451

Trading strategy: bullish above 28634, targets 28762 and 28853

Alternative strategy: 28634 down bearish, target 28535, 28451

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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