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.
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.
