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.
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.
