The Nikkei initially gapped lower at the open on Tuesday and then shot much higher to fill that gap. Because of this, we believe that every time this
The Nikkei initially gapped lower at the open on Tuesday and then shot much higher to fill that gap. Because of this, we believe that every time this market drops, it is a nice buying opportunity for us. We believe that the massive gap below should continue to be supportive, and that we should target the ¥20,000 level again. Ultimately, we have no interest in selling whatsoever, there is far too much in the way of support below and reason to think that the Bank of Japan will continue to add liquidity to the markets.
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.
