Bearish breakout in Nikkei – Are you ready to catch it? - Forex News by FX Leaders

Bearish breakout in Nikkei – Are you ready to catch it?

Posted Wednesday, August 15, 2018 by
Arslan Butt • 1 min read

The global stock markets are on a bearish run as the uncertainties over the China & US trade war heightens. Likewise, Japan’s Nikkei is sinking today as investors seem to take profit after the previous day’s sharp gains.

Nikkei Hourly Chart

Nikkei Hourly Chart

Recently, the gaming sector stocks plummeted due to anxieties over lags in new game releases in China, as Beijing stopped approvals for licenses. So, all we can do is to take maximum benefit out of it. That’s why, we just opened a forex trading signal on Nikkei to take a sell position below $22,150 to target $22025.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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