Nikkei 225 may rise to 39800 - 41000

Pivot

37300

Our preference

Long positions above 37300 with targets at 39800 & 41000 in extension.

Alternative scenario

Below 37300 look for further downside with 35300 & 33700 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

42350 **

41000 **

39800 ***

39332 Last

37300 ***

35300 ***

33700 **

Number of asterisks represents the strength of support and resistance levels.