Nikkei 225 may fall to 30500 - 32200

Pivot

35300

Our preference

Short positions below 35300 with targets at 32200 & 30500 in extension.

Alternative scenario

Above 35300 look for further upside with 37000 & 39200 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

39200 **

37000 **

35300 ***

33155 Last

32200 ***

30500 ***

28700 **

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