Nikkei 225 may rise to 44200 - 47400

Pivot

36800

Our preference

Long positions above 36800 with targets at 44200 & 47400 in extension.

Alternative scenario

Below 36800 look for further downside with 35300 & 33700 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

50000 ***

47400 ***

44200 ***

41190 Last

36800 ***

35300 ***

33700 ***

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