The Nikkei rose slightly during the session on Wednesday as we continue to see quite a bit of bullish pressure in this market. We believe ultimately this
The Nikkei rose slightly during the session on Wednesday as we continue to see quite a bit of bullish pressure in this market. We believe ultimately this market goes to the ¥20,000 level, so therefore we remember to buy only when it comes to the Japanese index. We filled pullbacks continue to offer value, and we will eventually break above the ¥20,000 level, reaching towards the ¥21,000 level. With no interest in selling, this is essentially what we would consider to be a “one-way trade”, although we do not expect the market to go up in a straight line. Perseverance will produce profits.
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.
