USDJPY and Crude Oil found direction; resistance will guide the rest.

MARKET ANALYSIS

GBPUSD

GBP/USD intraday: 1.3300 in sight.

Pivot:1.3380

Our preference:

Short positions below 1.3380 with targets at 1.3320 & 1.3300 in extension.

Alternative scenario:

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

Comment:

The RSI calls for a new downleg.

USDJPY

USD/JPY intraday: bullish bias above 162.00.

Pivot:162.00

Our preference:

Long positions above 162.00 with targets at 162.70 & 162.90 in extension.

Alternative scenario:

Below 162.00 look for further downside with 161.75 & 161.50 as targets.

Comment:

The RSI is above its neutrality area at 50%.

EURUSD

EUR/USD intraday: the downside prevails.

Pivot:1.1410

Our preference:

Short positions below 1.1410 with targets at 1.1365 & 1.1345 in extension.

Alternative scenario:

Above 1.1410 look for further upside with 1.1425 & 1.1440 as targets.

Comment:

The RSI is bearish and calls for further decline.

CRUDE OIL (WTI)

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

Pivot:77.40

Our preference:

Long positions above 77.40 with targets at 80.10 & 81.00 in extension.

Alternative scenario:

Below 77.40 look for further downside with 76.00 & 74.70 as targets.

Comment:

The RSI shows upside momentum.

GOLD

Gold intraday: towards 3960.

Pivot:4030

Our preference:

Short positions below 4030 with targets at 3960 & 3942 in extension.

Alternative scenario:

Above 4030 look for further upside with 4050 & 4080 as targets.

Comment:

As long as 4030 is resistance, likely decline to 3960.

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: target 52540.

Pivot:52870

Our preference:

Short positions below 52870 with targets at 52540 & 52470 in extension.

Alternative scenario:

Above 52870 look for further upside with 52980 & 53100 as targets.

Comment:

The RSI is below its neutrality area at 50%

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: under pressure.

Pivot:29590

Our preference:

Short positions below 29590 with targets at 29280 & 29050 in extension.

Alternative scenario:

Above 29590 look for further upside with 29800 & 29990 as targets.

Comment:

The RSI is below its neutrality area at 50%

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: under pressure.

Pivot:7583

Our preference:

Short positions below 7583 with targets at 7545 & 7530 in extension.

Alternative scenario:

Above 7583 look for further upside with 7592 & 7610 as targets.

Comment:

The RSI is below its neutrality area at 50%