While the Nikkei was closed during the Tuesday session, we are sitting right on top of a significant support level at the ¥18,500 level. On top of that,
While the Nikkei was closed during the Tuesday session, we are sitting right on top of a significant support level at the ¥18,500 level. On top of that, we have the Monetary Policy Meeting Minutes, so that of course can have quite a bit of an effect on the Nikkei and the Japanese yen as well. With that being the case, we are looking for some type of supportive candle in order to start buying in this region, or an impulsive candle. We have no interest whatsoever in selling this market as there is more than enough support just below.
Nikkei Forecast November 4, 2015, Technical Analysis
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.
