Nikkei 225 may rise to 37000 - 39100

Pivot

34200

Our preference

Long positions above 34200 with targets at 37000 & 39100 in extension.

Alternative scenario

Below 34200 look for further downside with 32200 & 31200 as targets.

Comment

The RSI is below its neutrality area at 50% but reversing up.

Supports and resistances

40600 **

39100 **

37000 ***

36232 Last

34200 ***

32200 ***

31200 **

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