Short Term Bullish Nikkei, Test Area To 20070

Potentially bullish bias in the short term for the Nikkei as the Stochastic indicator on the 1 hour chart looks ready to rise up from the oversold area. However, as long as price is below the MA 50-100-200, the overall trend is still bearish.

The closest resistance levels are at 19 860, a break above that area prices will probably move at least neutral as guidance in the short term test to 19 960 before trying to reach into major resistance area at 20070. The other side, the nearest support level seen in
area 19865, a break in below that area should trigger further bearish towards 19600 area before targeting key areas to support at 19500.

Resistance levels: 19 860, 19 960, 20 070
Level of support: 19865, 19600, 19500