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JPN225: low shock

Fundamental analysis:
The Nikkei 225 index closed up 0.7% at 26405.87 points; Governor of the Bank of Japan Haruhiko Kuroda: Japan's unemployment rate may further decline, and the Japanese economy may maintain relatively stable growth. The central bank must continue to support the economy through monetary easing policies. The central bank's The yield range has widened, but we will continue to implement loose monetary policy, and the Japanese economy is still recovering from the impact of the epidemic.

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

Brief technical analysis:
Looking at the 4-hour chart: low volatility within a narrow range, the downward momentum of market bears has weakened, bulls are waiting for an opportunity to enter the market, the MACD indicator is in the bearish zone and moves upward slowly, and the RSI indicator is in the bearish zone and fluctuates upward;
Long-short turning point: 26154
Suppression: 26329, 26466
Support: 26001, 25876
Trading strategy: Bullish above 26154, target 26329, 26466
Alternative strategy: bearish below 26154, target 26001, 25876

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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