Nikkei 225 Approaching Support, Potential Bounce!

Nikkei 225 is approaching its support at 20892 (38.2% Fibonacci retracement , 100% Fibonacci extension, Horizontal swing low support ) where it could potentially bounce to its resistance at 21940 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching support at 7.7% where we might see a corresponding rise in price.