The Nikkei gapped higher at the open on Monday, as the market shows continuing bullish pressure. If we can break above the top of the candle, we should
The Nikkei gapped higher at the open on Monday, as the market shows continuing bullish pressure. If we can break above the top of the candle, we should continue to go higher, but at this point in time we think that pullbacks will more than likely be found to be value as well. After all, the ¥16,750 level was previously resistance, so it should now be support. Ultimately, we believe that this market is going to continue to go higher, reaching towards the ¥17,750 level. We have no interest in selling this market right now due to all of the noise below.
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.
