USDJPY and Nasdaq defy mixed market trends, demonstrating resilience.

MARKET ANALYSIS

USDJPY

USD/JPY intraday: bullish bias above 159.90.

Pivot:

159.90

Our preference:

Long positions above 159.90 with targets at 160.40 & 160.65 in extension.

Alternative scenario:

Below 159.90 look for further downside with 159.75 & 159.60 as targets.

Comment:

The RSI calls for a bounce.

EURUSD

EUR/USD intraday: key resistance at 1.1550.

Pivot:

1.1550

Our preference:

Short positions below 1.1550 with targets at 1.1515 & 1.1500 in extension.

Alternative scenario:

Above 1.1550 look for further upside with 1.1570 & 1.1590 as targets.

Comment:

As long as 1.1550 is resistance, look for choppy price action with a bearish bias.

GBPUSD

GBP/USD intraday: the downside prevails.

Pivot:

1.3365

Our preference:

Short positions below 1.3365 with targets at 1.3320 & 1.3300 in extension.

Alternative scenario:

Above 1.3365 look for further upside with 1.3390 & 1.3410 as targets.

Comment:

The RSI is below its neutrality area at 50%

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (N6)‎ intraday: target 88.50.

Pivot:

93.50

Our preference:

Short positions below 93.50 with targets at 89.70 & 88.50 in extension.

Alternative scenario:

Above 93.50 look for further upside with 95.80 & 97.00 as targets.

Comment:

The RSI is below its neutrality area at 50%

GOLD

Gold intraday: key resistance at 4353.

Pivot:

4353

Our preference:

Short positions below 4353 with targets at 4268 & 4230 in extension.

Alternative scenario:

Above 4353 look for further upside with 4395 & 4430 as targets.

Comment:

The RSI has just struck against its neutrality area at 50% and is reversing down.

DOW JONES

Dow Jones (CME)‎ (M6)‎ intraday: aim @ 50210.

Pivot:

51270

Our preference:

Short positions below 51270 with targets at 50560 & 50210 in extension.

Alternative scenario:

Above 51270 look for further upside with 51575 & 51760 as targets.

Comment:

The RSI is below its neutrality area at 50%

NASDAQ 100

Nasdaq 100 (CME)‎ (M6)‎ intraday: intraday support around 29260.

Pivot:

29260

Our preference:

Long positions above 29260 with targets at 29780 & 30250 in extension.

Alternative scenario:

Below 29260 look for further downside with 28820 & 28370 as targets.

Comment:

The RSI is around its neutrality area at 50%

S&P 500

S&P 500 (CME)‎ (M6)‎ intraday: under pressure.

Pivot:

7470

Our preference:

Short positions below 7470 with targets at 7355 & 7300 in extension.

Alternative scenario:

Above 7470 look for further upside with 7530 & 7575 as targets.

Comment:

The RSI calls for a drop.