The Nikkei had a slightly positive session on Thursday, as we continue to show signs of strength. With this, we remain long of this market and look at
The Nikkei had a slightly positive session on Thursday, as we continue to show signs of strength. With this, we remain long of this market and look at pullbacks as potential buying opportunity. We have no interest whatsoever in selling this market, and we believe that there is a massive amount of support near the ¥19,250 level as there was a nice gap at that area. Ultimately, this market will reach towards the ¥20,000 level, and perhaps even higher than that. The Bank of Japan will continue to do what it can to pushes market higher through stimulus.
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.
