The Nikkei gapped lower at the open on the week, and then fell all the way down to the €17,750 level. However, we found enough support to turn things back
The Nikkei gapped lower at the open on the week, and then fell all the way down to the €17,750 level. However, we found enough support to turn things back around and form a massive hammer. With this, we believe that the Nikkei will continue to go higher as previously suggested BIOS at FX Empire, and believe that this market is heading towards the ¥21,000 level. We are buyers on short-term pullbacks and show signs of support, as well as a break above the top of the hammer for the week.
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.
