The Nikkei gapped lower at the open on Tuesday, filled the gap, and then turned back around to fall significantly. However, during the Tuesday session the
The Nikkei gapped lower at the open on Tuesday, filled the gap, and then turned back around to fall significantly. However, during the Tuesday session the American indices seem to show a bounce, as did the Europeans. With this, we anticipate that the Nikkei will probably struggle going higher again, and as a result we are buyers on any signs of strength, or just simply a move above the ¥18,000 level. The global selloff seems to be subsiding a bit, and the Nikkei of course should follow in the footsteps of the DAX, S&P 500, and so many others.
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.
