Nikkei 225 ST: key resistance at 39700.
Pivot: 39700
Our preference: short positions below 39700 with targets at 36700 & 35700 in extension.
Alternative scenario: above 39700 look for further upside with 41100 & 42600 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
42600 **
41100 **
39700 ***
38716 Last
36700 ***
35700 ***
34700 **
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