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.
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.
