Nikkei 225 may rise to 41100 - 42300

Pivot

38000

Our preference

Long positions above 38000 with targets at 41100 & 42300 in extension.

Alternative scenario

Below 38000 look for further downside with 36700 & 35700 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

43800 **

42300 **

41100 ***

39578 Last

38000 ***

36700 ***

35700 **

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