The Nikkei fell slightly during the course of the session on Tuesday, and as a result we continue to bounce around the ¥16,000 level. With this being the
The Nikkei fell slightly during the course of the session on Tuesday, and as a result we continue to bounce around the ¥16,000 level. With this being the case, the market looks as if it is trying to break down but at this point there is quite a bit of noise just below. With this, we are going to step away from the Nikkei as the move lower is going to be difficult. If we got a nice supportive candle, we could be interested in buying a bounce, but the rest the world’s stock markets would have to rally simultaneously in order for us to feel comfortable.
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.
