On Friday (August 25), the Nikkei 225 index closed down 647.50 points, or 2.01%, to 31627.50 points. A 5.8-magnitude earthquake occurred off the east coast of Honshu, Japan, with a focal depth of 10 kilometers and an epicenter at 39.50 degrees north latitude and 143.55 degrees east longitude. Affected by this, the Nikkei index fluctuated and fell.
JPN225 four-hour chart
Brief technical analysis:
Looking at the 4-hour chart, the Nikkei index fell back to around 31,500 after being blocked at the 32,300 line.
Resistance level: 31800 32000
Support level: 31400 31200
Main strategy: call above 31800, target 32000 32300
Alternative strategy: bearish below 31800, target 31400 31200