The Nikkei gapped higher at the open on Thursday, but having said that we should continue to see quite a bit of bullish pressure. Because of this, we are
The Nikkei gapped higher at the open on Thursday, but having said that we should continue to see quite a bit of bullish pressure. Because of this, we are waiting to see whether or not we can break above the ¥20,000 level, which is the next barrier. We do think it happens though, and a move above the ¥20,000 level, we are more than likely going to reach towards the ¥20,800 level. Any pullback at this point in time should be a buying opportunity as we see a significant amount of support below at the ¥19,250 level.
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.
