The Nikkei 225 fell slightly during the course of the session on Thursday, as we continue to see quite a bit of volatility in this market. However, we are
The Nikkei 225 fell slightly during the course of the session on Thursday, as we continue to see quite a bit of volatility in this market. However, we are still very much in the consolidation area, so I feel that it’s only a matter of time before the buyers come back. Once they do, I would love to get involved to the upside as I believe there’s plenty of support all the way down to the ¥16,250 level. Currently, it appears that the ¥17,000 level is horribly resistive, so it may take several attempts to get above there.
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.
