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.
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.
