The Nikkei 225 had a slightly positive session on Wednesday, as we continue to test the ¥18,500 region. If we can break out above, I believe that this
The Nikkei 225 had a slightly positive session on Wednesday, as we continue to test the ¥18,500 region. If we can break out above, I believe that this market will continue to reach higher, and eventually head towards my longer-term target of ¥20,000. Pullbacks at this point should continue to see quite a bit of support, especially near the ¥18,250 level below. I also believe that the ¥18,000 area below should offer a bit of a floor in this market as we continue to see some type of bullish pressure over the longer term.
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.
