The Nikkei gapped higher on Friday, clearing the 15200 level. The market continues to look positive, and we feel that the Nikkei will continue to be a
The Nikkei gapped higher on Friday, clearing the 15200 level. The market continues to look positive, and we feel that the Nikkei will continue to be a “buy on the dips” markets. The 16300 level above continues to be the target overall, and as such we are looking to continue to go long in Tokyo. The market cannot be sold in this condition, and should continue to offer buying opportunities. There are a lot of gaps between here and there, so it could be a bumpy ride higher, but we don’t see any possibility of selling at the moment.
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.
