The Nikkei 225 pulled back slightly during the Wednesday session as we had reached a fairly high level. There is still plenty of noise below though, so I
The Nikkei 225 pulled back slightly during the Wednesday session as we had reached a fairly high level. There is still plenty of noise below though, so I think there’s only a matter of time before the buyers return and start buying this market. A supportive candle is reason enough to start buying again, just as a break above the highs would be. I have no interest in shorting this market, I think that there is a massive amount of support extending all the way down to at least the ¥19,000 level.
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.
