The Nikkei gapped higher at the open on Wednesday, and then turned back around to fill that very same gap. With this, it looks as if the market is ready
The Nikkei gapped higher at the open on Wednesday, and then turned back around to fill that very same gap. With this, it looks as if the market is ready to go higher, but we need to see some type of supportive candle below in order to start buying. The ¥20,000 level above is resistive though, so it might take a couple of attempts to get above there. Longer-term though, we firmly believe that the Nikkei will continue to much higher, as the Bank of Japan continues to try to support the market.
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.
