The Nikkei had a positive session on Tuesday, gaining 0.64% by the time the market closed. We are sitting right at the ¥14,600 level, so it'll be
The Nikkei had a positive session on Tuesday, gaining 0.64% by the time the market closed. We are sitting right at the ¥14,600 level, so it’ll be interesting to see how we approach the move from here. That has been a level that we need to see taken out to the upside on a daily close in order to continue the bullish move. We still feel that way, and as a result we are waiting for a break of this candle in order to go ahead and start buying. We have absolutely no scenario where we want to sell, and any pullback at this point in time is simply a buying opportunity as far as we’re concerned.
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.
