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.
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.
