The Nikkei 225 went back and forth during the course of the session on Tuesday, showing the ¥16,500 level to be far too supportive. However, a break out
The Nikkei 225 went back and forth during the course of the session on Tuesday, showing the ¥16,500 level to be far too supportive. However, a break out above the top of the range during the day on Tuesday should send this market looking to higher levels, perhaps trying to break above the ¥17,000 level given enough time. I believe that this market will eventually find buyers every time we dipped, and the fact that the lows are getting higher is a sign of building pressure. I have no interest whatsoever in selling this market at the moment.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
