The Nikkei initially opened very soft for the course of the week, but then turned back around to form a very bullish candle. With this, we believe that
The Nikkei initially opened very soft for the course of the week, but then turned back around to form a very bullish candle. With this, we believe that the buyers are starting to take control again, but we also recognize of the 19,500 level is a bit resistive. However, if you are a longer-term trader this is a market that should offer profit if you are willing to put up with the volatility. We are a buyer at this present time, and a buyer of pullbacks as both offer value in our opinion.
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.
