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.
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.
