Nikkei 225 may fall to 35300 - 36700

Pivot

39400

Our preference

Short positions below 39400 with targets at 36700 & 35300 in extension.

Alternative scenario

Above 39400 look for further upside with 41100 & 42400 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

42400 **

41100 **

39400 ***

38038 Last

36700 ***

35300 ***

33800 **

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