The Nikkei 225 continue to go higher during the week, as we have completely broken out to the upside. I believe that the USD/JPY pair continues to go
The Nikkei 225 continue to go higher during the week, as we have completely broken out to the upside. I believe that the USD/JPY pair continues to go higher, and these two markets tend to move in the same direction. I also recognize that the 18,500 and level below will be supportive, and that we will more than likely target the ¥20,000 level which is been my longer-term target for quite some time. I have no interest in selling, I believe there is more than enough bullish pressure under need to continue the move higher.
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.
