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JPN225: oscillating down

2022-12-29
1079
Fundamental analysis:
The Nikkei 225 Index closed down 148.87 points, or 0.56%, at 26299.00 points on December 28 (Wednesday). A summary of the Bank of Japan's December meeting showed policymakers saw the need to keep interest rates ultra-low, but discussed the prospect that rising wages could eventually completely remove the risk of a return to deflation.

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



Brief technical analysis:
Looking at the 4-hour chart: the short-term dynamics are oscillating downward, the short-term decline may continue, the market as a whole is in a weak position, the MACD indicator is in the short area, and the RSI indicator is hovering weakly below the 50 balance line;
Long and short turning point: 26090
Suppression: 26209, 26342
Support: 25893, 25785
Trading strategy: bearish below 26090, target 25893, 25785
Alternative strategy: call above 26090, target 26209, 26342

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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