Nikkei 225 may rise to 39100 - 41000

Pivot

35200

Our preference

Long positions above 35200 with targets at 39100 & 41000 in extension.

Alternative scenario

Below 35200 look for further downside with 33700 & 31200 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

42400 **

41000 **

39100 ***

37394 Last

35200 ***

33700 ***

31200 **

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