The Nikkei as you can see gapped higher at the open on Wednesday, but fell directly from there to crash through the ¥15,500 level. With that, there is a
The Nikkei as you can see gapped higher at the open on Wednesday, but fell directly from there to crash through the ¥15,500 level. With that, there is a significant amount of bearish pressure in this marketplace at the moment, but we also see a lot of noise below, so it makes trading this market a bit difficult. Because of this, it feels as if this market is probably best left alone, and we will simply wait until we get some type of supportive candle in order to start buying again. Selling at this point time isn’t something we are interested in.
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.
