Nikkei Bounced Off Support, Potential For A Further Rise!

Nikkei bounced off our first support level at 19017 (100% Fibonacci extension , Horizontal swing low support) where a further rise might occur above this level pushing price up to our major resistance at 20892 (100% Fibonacci extension , 38.2% Fibonacci retracement , Horizontal pullback resistance).

Stochastic (89,5,3) is also testing support where we might see a further rise in price.