The Nikkei as you can see gapped a little bit higher at the open on Monday, but then turned back around to fill that very gap. Ultimately, the market
The Nikkei as you can see gapped a little bit higher at the open on Monday, but then turned back around to fill that very gap. Ultimately, the market should continue to go much higher. We believe the pullbacks offer buying opportunities as there is more than enough support below. Supportive candles will be used to buy the Nikkei going forward, as the Bank of Japan should continue to liquefy the markets. The ¥20,000 level below is massively supportive, and as a result we only buying this market going forward. We also believe that the market will target the ¥25,000 level given enough time.
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.
