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Nikkei Forecast November 25, 2015, Technical Analysis

By:
Christopher Lewis

The Nikkei broke a little bit higher during the course of the session on Tuesday, as we continue to grind her way higher. We are still below the ¥20,000

Nikkei Forecast November 25, 2015, Technical Analysis

The Nikkei broke a little bit higher during the course of the session on Tuesday, as we continue to grind her way higher. We are still below the ¥20,000 level, so we don’t feel that the markets free to go whole lot higher, but once we do we feel that the market should then reach towards the ¥20,800 level. Pullbacks should continue to be buying opportunities though, so we will look at them as value. We believe that the Bank of Japan should continue to work against the value of the Japanese yen, which should have the effect of pushing this market higher over the longer term.

 

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About the Author

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.

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