The Nikkei 225 went back and forth on Wednesday, forming a neutral candle. The market seems to have a significant amount of support just below, so I think
The Nikkei 225 went back and forth on Wednesday, forming a neutral candle. The market seems to have a significant amount of support just below, so I think that pullbacks will continue to be buying opportunities. If we do breakout to the upside, the next target is going to be the ¥20,000 level. Ultimately, I feel that the 19,000 level below continues to be massively supportive, and therefore it’s only a matter time for the buyers return to a market that has been very bullish overall, especially as the Japanese yen has been losing value recently.
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.
