Nikkei 225 forecast for the week of October 24, 2016, Technical Analysis

The Nikkei 225 rose during the course of the week, breaking to a fresh high. However, we still have quite a bit of noise just above, so although it looks as if we are going to go higher, expect a bit of volatility. If you can’t sit through it, then there’s no point in taking this trade. However, it does appear that the markets probably going to aim for the ¥18,000 level next as the Bank of Japan is finally getting its way when it comes to the Nikkei 225.