The Nikkei 225 initially fell on Tuesday as the ¥18,500 level offered resistance. However, the market should continue to go higher given enough time, as
The Nikkei 225 initially fell on Tuesday as the ¥18,500 level offered resistance. However, the market should continue to go higher given enough time, as the USD/JPY pair continues to go higher as well. Ultimately, I believe that the market continues to give us an opportunity to buy on pullbacks, as we should reach towards the ¥20,000 level over the longer term. I believe at this point that the 18,000 level is essentially the “basement” of this market and we should continue to go higher given enough time and pullbacks will continue to attract more and more people.
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.
