JPN225: wide shock

The Nikkei 225 Index closed up 77.65 points, or 0.28%, at 27662.00 points on February 10 (Friday). On the 10th, the Bank of Japan announced the initial value of the domestic corporate price index in January (an average of 100 in 2020), which increased by 9.5% from the same period last year to 119.8. The large increase caused by the rise in energy prices is still continuing, and it is worrying that the family's financial burden will be increased due to the transfer of corporate prices.

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

Looking at the 4-hour chart: the short-term maintains a wide range of shocks, the market as a whole is in a range consolidation, the bulls are slowly entering the market, the MACD indicator is hovering around the 0 axis, and the RSI indicator is in a weak consolidation near the 50 balance line;

Long-short turning point: 27548

Suppression: 27622, 27690

Support: 27495, 27440

Trading strategy: Bullish above 27548, target 27622, 27690

Alternative strategy: bearish below 27548, target 27495, 27440