The Nikkei gapped lower at the open on Wednesday, but found enough support near the ¥15,600 level II essentially sit still. This market does look a bit
The Nikkei gapped lower at the open on Wednesday, but found enough support near the ¥15,600 level II essentially sit still. This market does look a bit soft at the moment, but there is so much in the way of noise below that we feel this market will eventually turn back around. On a supportive candle we would be buyers, but at this point time we think it’s probably best to simply stay away from this marketplace. We do ultimately believe that this market will and aim for the 20,000 level, but it is going to take some significant time to say the least.
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.
