The Nikkei initially tried to rally during the day on Tuesday, but turned right back around to form a shooting star. The shooting star of course is a
The Nikkei initially tried to rally during the day on Tuesday, but turned right back around to form a shooting star. The shooting star of course is a negative sign, and as a result we could very well pullback towards the ¥16,750 level to find buyers. On the other hand, we break above is of the shooting star for the Tuesday session that would be a very positive sign and should send the market looking for the ¥17,750 level. Anyway, we don’t have any interest in selling this market as there is so much in the way of support below.
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.
