Nikkei forecast for the week of July 28, 2014, Technical Analysis

Nikkei forecast for the week of July 28, 2014, Technical Analysis

28 July 2014, 07:04
BlondieNews
0
61

The Nikkei as you can see had a positive week, closing close to the ¥15,500 level. It is not until we break above that level though that we feel confident enough to start buying, and pullbacks at this point in time should simply be an opportunity to pick up value in this market that looks like it wants to go higher. We believe that there is a significant amount of support down at the ¥14,000 level, and it is not until we break below the level that we would be comfortable selling.




Share it with friends: