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JPN225: Move up the high position

2023-05-28
782
Fundamental analysis:

The Nikkei 225 Index closed up 144.37 points, or 0.47%, at 30945.50 points on May 26 (Friday). The Bank of Japan is likely to maintain its yield curve control (YCC) policy until at least next year, as market expectations for a near-term policy shift by new Governor Kazuo Ueda waned.

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



Brief technical analysis:

Looking at the 4-hour chart: the momentum of high bulls continues to rise, the short-term bullish sentiment continues, the market bulls have not yet shown signs of stopping, the MACD indicator is in the bullish zone and continues to rise, and the RSI indicator is at a high level;

Resistance: 31636 31779

Support level: 31267 31112

Trading strategy: Bullish above 31398, target 31636 31779
Alternative strategy: bearish below 31398, target 31267 31112

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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