Nikkei Bearish, Beware Stochastic oversold on H4

Nikkei bias to bearish, especially for the price is still moving below the MA 50-100-200 in the 4 hours chart. However, we may see the rebound as stochastic indicator is in the oversold area.

The closest support level is at 20070, a break below that area should trigger further bearish momentum towards an area 19 980 before trying to touch the key support level at 19860. For the upside, closest resistance level seen in 20245 area, break above that area could trigger further bullish tested to 20355 before targeting to an area of key resistance at 20450.

Resistance levels: 20245, 20355, 20450
Level of support: 20 070, 19 980, 19 860