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Nikkei: interval shock

2023-08-21
528
Basic face analysis:


On Monday (August 21), the Nikkei 225 Index closed up 90.00 points, an increase of 0.29%to 31552.50 points. The Bank of Japan ’s purchase of government bonds at a record speed this year may prompt the bank to fluctuate in a larger range in the near future, thereby reducing its factor in controlling long -term interest rate pressure.

Jpn225 four -hour chart



Technical analysis:

Looking at the 4 -hour chart, the Nikkei Index has a significant rebound at 31300. The MACD volume can shrink the amount under the zero axis, and the resistance is concerned about near 32,000.

Resistance position: 31300 31000
Support bit: 32000 32300

The main selection strategy: 31300 to watch the bullish, target 32000 32300
Alternative strategy: 31300, see the drop below, target 31000 30700

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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