The Nikkei initially gapped lower at the open on Friday, but then turned back around to fill that gap. We closed towards the top of the week, and as a
The Nikkei initially gapped lower at the open on Friday, but then turned back around to fill that gap. We closed towards the top of the week, and as a result we feel that this market is getting ready to go much higher. If we can break above the ¥21,000 level, we are buyers. We are also buyers on pullbacks to show signs of support, as there is more than enough supportive action below. As long as the Bank of Japan continues to be soft with monetary policy, we believe that this market continues to go much 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.
