The Nikkei rose during the week, clearing the 15000 level again. With this, we feel that the market should continue to go higher at this point in time.
The Nikkei rose during the week, clearing the 15000 level again. With this, we feel that the market should continue to go higher at this point in time. The market recently tested the 16300 level, and we feel that is where it is heading to now. The market has a bit of noise above, and we think it will be a bit on the choppy side going higher. The market should provide buying opportunities on dips as well, essentially making this a “buy only” market. The trend is higher, and we will follow it.
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.
