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.
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.
