The Nikkei 225 or broke higher during the course of the week, clearing the ¥17,000 level. By doing so, it looks as if the market is going to continue to
The Nikkei 225 or broke higher during the course of the week, clearing the ¥17,000 level. By doing so, it looks as if the market is going to continue to go much higher, perhaps reaching towards ¥18,000 over the next several weeks. I believe given enough time that we will find buyers every time we pullback, and there could be a bit of a floor below at the ¥16,000 handle. Because of this, I am very bullish but I also recognize that we are probably going to have some messy movement.
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.
