Nikkei 225 may rise to 41200 - 44200

Pivot

35300

Our preference

Long positions above 35300 with targets at 41200 & 44200 in extension.

Alternative scenario

Below 35300 look for further downside with 33700 & 32200 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

47400 ***

44200 ***

41200 ***

38982 Last

35300 ***

33700 ***

32200 ***

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