USDJPY and Crude Oil remain steady despite market challenges.

MARKET ANALYSIS

GBPUSD

GBP/USD intraday: the downside prevails.

Pivot:1.3380

Our preference:

Short positions below 1.3380 with targets at 1.3325 & 1.3300 in extension.

Alternative scenario:

Above 1.3380 look for further upside with 1.3400 & 1.3420 as targets.

Comment:

The RSI advocates for further decline.

USDJPY

USD/JPY intraday: further upside.

Pivot:161.95

Our preference:

Long positions above 161.95 with targets at 162.40 & 162.65 in extension.

Alternative scenario:

Below 161.95 look for further downside with 161.70 & 161.50 as targets.

Comment:

The RSI is bullish and calls for further advance.

EURUSD

EUR/USD intraday: under pressure.

Pivot:1.1425

Our preference:

Short positions below 1.1425 with targets at 1.1390 & 1.1375 in extension.

Alternative scenario:

Above 1.1425 look for further upside with 1.1440 & 1.1455 as targets.

Comment:

The RSI is bearish and calls for further downside.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (Q6)‎ intraday: the upside prevails.

Pivot:71.25

Our preference:

Long positions above 71.25 with targets at 73.30 & 74.30 in extension.

Alternative scenario:

Below 71.25 look for further downside with 70.65 & 70.10 as targets.

Comment:

The RSI shows upside momentum.

GOLD

Gold intraday: towards 4055.

Pivot:4135

Our preference:

Short positions below 4135 with targets at 4075 & 4055 in extension.

Alternative scenario:

Above 4135 look for further upside with 4165 & 4185 as targets.

Comment:

The RSI is bearish and calls for further decline.

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: look for 53075.

Pivot:53250

Our preference:

Short positions below 53250 with targets at 53075 & 52920 in extension.

Alternative scenario:

Above 53250 look for further upside with 53350 & 53450 as targets.

Comment:

The RSI is below its neutrality area at 50%

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: the downside prevails.

Pivot:29570

Our preference:

Short positions below 29570 with targets at 29160 & 28900 in extension.

Alternative scenario:

Above 29570 look for further upside with 29720 & 29880 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 29570.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: key resistance at 7570.

Pivot:7570

Our preference:

Short positions below 7570 with targets at 7518 & 7500 in extension.

Alternative scenario:

Above 7570 look for further upside with 7588 & 7602 as targets.

Comment:

The RSI is below its neutrality area at 50%