USDJPY, Oil, Nasdaq, and S&P lead a balanced market with four bright spots.

MARKET ANALYSIS

GBPUSD

GBP/USD intraday: the downside prevails.

Pivot:

1.3250

Our preference:

Short positions below 1.3250 with targets at 1.3170 & 1.3140 in extension.

Alternative scenario:

Above 1.3250 look for further upside with 1.3280 & 1.3320 as targets.

Comment:

The RSI calls for a new downleg.

USDJPY

USD/JPY intraday: the bias remains bullish.

Pivot:

160.95

Our preference:

Long positions above 160.95 with targets at 161.60 & 161.80 in extension.

Alternative scenario:

Below 160.95 look for further downside with 160.75 & 160.50 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

EURUSD

EUR/USD intraday: under pressure.

Pivot:

1.1490

Our preference:

Short positions below 1.1490 with targets at 1.1440 & 1.1420 in extension.

Alternative scenario:

Above 1.1490 look for further upside with 1.1510 & 1.1530 as targets.

Comment:

The RSI advocates for further downside.

CRUDE OIL

Crude Oil (WTI)‎ (Q6)‎ intraday: bullish bias above 74.80.

Pivot:

74.80

Our preference:

Long positions above 74.80 with targets at 76.30 & 77.10 in extension.

Alternative scenario:

Below 74.80 look for further downside with 73.50 & 72.85 as targets.

Comment:

The break above 74.80 is a positive signal that has opened a path to 76.30.

GOLD

Gold intraday: look for 4115.

Pivot:

4260

Our preference:

Short positions below 4260 with targets at 4170 & 4115 in extension.

Alternative scenario:

Above 4260 look for further upside with 4300 & 4325 as targets.

Comment:

The RSI shows downside momentum.

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: aim @ 51680.

Pivot:

52250

Our preference:

Short positions below 52250 with targets at 51840 & 51680 in extension.

Alternative scenario:

Above 52250 look for further upside with 52380 & 52560 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: 30970 in sight.

Pivot:

30570

Our preference:

Long positions above 30570 with targets at 30970 & 31100 in extension.

Alternative scenario:

Below 30570 look for further downside with 30420 & 30290 as targets.

Comment:

The next resistances are at 30970 and then at 31100.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: the bias remains bullish.

Pivot:

7535

Our preference:

Long positions above 7535 with targets at 7615 & 7635 in extension.

Alternative scenario:

Below 7535 look for further downside with 7515 & 7488 as targets.

Comment:

The RSI is mixed to bullish.