Nikkei Approaching Support, Potential Bounce!

Nikkei is approaching our first support level at 19699 (50% Fibonacci retracement, Horizontal overlap support) where a strong bounce might occur above this level pushing price up to our major resistance at 20884 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal pullback resistance).

Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.