Nikkei 225 (OSE) (U3) Intraday: rebound expected.
Pivot: 32260.00
Our preference: long positions above 32260.00 with targets at 32550.00 & 32700.00 in extension.
Alternative scenario: below 32260.00 look for further downside with 32170.00 & 32000.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
32820.00
32700.00
32550.00
32400.00 Last
32260.00
32170.00
32000.00
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