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Nikkei 225 Forecast December 2, 2016, Technical Analysis

By:
Christopher Lewis
Published: Dec 2, 2016, 05:05 UTC

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

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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