The Nikkei 225 fell rather drastically on Thursday, reaching towards the ¥19,000 level. However, this is still a very positive looking market, and with
The Nikkei 225 fell rather drastically on Thursday, reaching towards the ¥19,000 level. However, this is still a very positive looking market, and with that it’s only a matter of time before the buyers come back and start taking advantage of what should be thought of as value. The ¥18,500 level below features a massive cluster that should be supportive, so somewhere between here and there we should get a supportive candle that we can take advantage of and start buying in what has been a very strong uptrend over the last several months.
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.
