The Nikkei 225 or rallied during the course of the week, but still looks fairly soft from the longer-term perspective. We are sitting just above a
The Nikkei 225 or rallied during the course of the week, but still looks fairly soft from the longer-term perspective. We are sitting just above a significant amount of support though, so longer-term it would not surprise me at all if we did rally. In the meantime, though, it is going to be very choppy so it makes sense to stand on the sidelines as far as longer-term trades are concerned when it comes to the Nikkei 225 currently. I will be watching for impulsive candles on the weekly chart in order to make my next long-term trade.
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.
