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.
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.
