Nikkei 225 may rise to 42350 - 45400

Pivot

35300

Our preference

Long positions above 35300 with targets at 42350 & 45400 in extension.

Alternative scenario

Below 35300 look for further downside with 33700 & 31200 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

49200 ***

45400 ***

42350 ***

39599 Last

35300 ***

33700 ***

31200 ***

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