The Nikkei is at a key juncture having retraced the ground lost after gapping lower last week
Chris Weston
Pepperstone
The Nikkei is at a key juncture having retraced the ground lost after gapping lower last week. A rejection of 15,661 will be highly negative from a price action perspective and suggest a potential correction is on the cards. A close above 15,661 would suggest the index is ready to make a move to the recent high of 15,794 and as things stand our opening call is right on this key resistance. USD/JPY is testing the December 3 high of 103.38 and a break here could help the Japanese stock market.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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