Nikkei 225 is neutral

Pivot

33700

Our preference

Long positions above 33700 with targets at 39100 & 42400 in extension.

Alternative scenario

Below 33700 look for further downside with 31200 & 2900 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

45000 ***

42400 ***

39100 ***

36576 Last

33700 ***

31200 ***

2900 ***

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