Nikkei 225 may rise to 41000 - 42350

Pivot

37300

Our preference

Long positions above 37300 with targets at 41000 & 42350 in extension.

Alternative scenario

Below 37300 look for further downside with 35300 & 33700 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

43000 **

42350 **

41000 ***

39605 Last

37300 ***

35300 ***

33700 **

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