The Nikkei gapped higher at the open on Friday, clearing the ¥19,000 level. With this, we feel that the market will continue to offer buying opportunities
The Nikkei gapped higher at the open on Friday, clearing the ¥19,000 level. With this, we feel that the market will continue to offer buying opportunities on pullbacks, and it should be noted that the weekly candle formed a massive hammer. With this, we believe that the Nikkei will continue to be one of the better performers over the long-term, as the Bank of Japan is still looking to liquefy the markets. We have no interest in selling, and believe that we will return to the ¥21,000 level given enough time, as stability returns.
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.
