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.
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.
