Nikkei 225 ST: the downside prevails.
Pivot: 31800
Our preference: short positions below 31800 with targets at 29740 & 29200 in extension.
Alternative scenario: above 31800 look for further upside with 32930 & 33770 as targets.
Comment: as long as 31800 is resistance, likely decline to 29740.
Supports and resistances:
33770 **
32930 **
31800 ***
30697 Last
29740 ***
29200 ***
28700 **
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