JPN225: low uplink

The Nikkei 225 Index closed down 360.60 points, or 1.31%, at 27112.50 points on February 22 (Wednesday). Yesterday, the Tokyo Stock Exchange was closed for the emperor's birthday on Thursday. Naoki Tamura, member of the Bank of Japan: At some point in the future, the current policy will need to be re-examined. It is appropriate to continue to implement loose policy now. More time will be needed to measure the impact of the measures taken by the Bank of Japan on the market function. We are now in In this stage, we need to carefully observe whether Japan will realize a virtuous circle of wage-price spiral.

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

Looking at the 4-hour chart: the low-level short-term shocks move upward, short-term bullish sentiment begins to emerge slowly, the MACD indicator is in the short-term area and moves upward, and the RSI index is in the short-term area and moves up to the lower side of the 0 axis;

Long and short turning point: 27190

Suppression: 27175, 27326

Support: 27140, 27089

Trading strategy: Bullish above 27190, target 27175, 27326

Alternative strategy: bearish below 27190, target 27140, 27089