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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
