The Nikkei fell slightly during the course of the session on Friday, but as you can see we are most certainly in an uptrend at the moment, and as a result
The Nikkei fell slightly during the course of the session on Friday, but as you can see we are most certainly in an uptrend at the moment, and as a result we believe in buying pullbacks. The biggest reason for the fall on Friday of course would’ve been the psychological significance of the ¥20,000 level, but eventually we will break above there and continue to go much higher. We think that there is a massive amount of support somewhere near the ¥19,250 level, so even if we fall from here we are simply going to wait to see if we get a supportive candle in order to start going long again.
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.
