The Nikkei went back and forth during the course of the week, initially going to the ¥16,500 level. We turn right back around to form a shooting star of
The Nikkei went back and forth during the course of the week, initially going to the ¥16,500 level. We turn right back around to form a shooting star of sorts though, as we continue to sit on the ¥15,000 level. That’s an area that offers quite a bit of support, so if we can break down below there, I feel that the market will probably drop to the ¥14,000 level, and then possibly the ¥12,500 level. On the other hand, if we could break above the ¥16,500 level, the market could go much higher at that point in time.
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.
