The Nikkei rose during the course of the session on Friday, reaching towards the ¥20,600 level. If we can break above there, we feel that the market then
The Nikkei rose during the course of the session on Friday, reaching towards the ¥20,600 level. If we can break above there, we feel that the market then heads to the ¥20,800 level, and that of course recent highs. We believe that any pullback at this point time should be a buying opportunity, as the Bank of Japan continues to offer plenty of support below. With this, we are in “buy only” mode at the moment. With this, we believe that the market will be volatile, but most certainly will continue to go higher over the longer term.
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.
