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JPN225: move up the low position

2022-12-12
1050
Fundamental analysis:
The Nikkei 225 Index closed up 334.07 points, or 1.21%, at 27908.50 points on December 9 (Friday). Japan's money supply M2 annual rate in November was 3.1%, expected 3.00%, and the previous value was 3.10%.
The Nikkei JPN225——4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: low volatility pulls up, short-term bullish sentiment emerges, market bulls continue to climb, MACD indicator hovers weakly above the 0 axis, RSI indicator is in a narrow range above the 50 balance line;
Long-short turning point: 27817
Suppression: 27912, 27983
Support: 27751, 27680
Trading strategy: Bullish above 27817, target 27912, 27983
Alternative strategy: bearish below 27817, target 27751, 27680

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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