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Nikkei 225 Forecast December 2, 2016, Technical Analysis

By
Christopher Lewis
Published: Dec 2, 2016, 05:05 GMT+00:00

The Nikkei 225 had a volatile session on Thursday, as it looks as if we are starting to run out of momentum. That’s not a huge surprise, and I’m welcome

Nikkei daily chart, December 02, 2016

The Nikkei 225 had a volatile session on Thursday, as it looks as if we are starting to run out of momentum. That’s not a huge surprise, and I’m welcome any type of pullback as an opportunity to pick up value in this market. Also, you have to keep in mind that the markets in Tokyo tends to get a little bit quiet as they will not have the ability to react to the jobs number in America once it is released. Because of this, I think that a slight pullback is only inviting value hunting going forward.

About the Author

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.

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