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Nikkei: continuing the rise

Basic face analysis:

On Friday (September 1), the 225 Index closed at 135.00 points, an increase of 0.41%to 32727.50 points. Japanese Financial Minister Suzuki said on Friday that the exchange rate should be determined by the market, and the sudden action was not desirable. He also said that there were no significant signs that Japan would interfere with the market to boost the weak yen, although its depreciation is pushing the cost of import.

Jpn225 four -hour chart

Technical analysis:

Looking at the 4 -hour chart, the Nikkei index continues to rise above 32500. The MACD volume can maintain uniformly on the zero axis, support the attention near 32500, and the resistance is nearby.

Resistance position: 33000 33300
Support bit: 32500 32350

Main selection strategy: 32500 to watch the bullish, target 33000 33300
Alternative strategy: 32500, see the drop below, target 32350 32100

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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