The Nikkei gapped higher at the open on Monday in reaction to the Nonfarm Payroll Numbers coming out on Friday much better than anticipated. Because of
The Nikkei gapped higher at the open on Monday in reaction to the Nonfarm Payroll Numbers coming out on Friday much better than anticipated. Because of this, we broke above the 19,500 handle during the session, and now it looks like we are ready to continue going even higher than that. We look at short-term pullbacks as potential buying opportunities in a market that looks very healthy at the moment. Ultimately, we believe that there is more than enough support below to keep this market afloat, so at this point in time we have no plans on selling.
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.
