Nikkei is approaching our first resistance at 21823.8 (76.4% Fibonacci retracement , horizontal swing high resistance, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21414.3 (61.8% Fibonacci extension , 50% Fibonacci retracement , Horizontal pullback support). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.