Diverging Markets: USDJPY/Oil Up; EUR/GBP/Gold/Indices Down

MARKET ANALYSIS

USDJPY

USD/JPY intraday : Aim at 160.49

Our pivot point is at 159.76.

Our preference:

The upside prevails as long as 159.76 is support, with 160.49 and 160.69 as targets

Alternative scenario:

Below 159.76, expect 159.44 and 159.25.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 160.16 and 160.01).

EURUSD

EUR/USD intraday : Target 1.1562

Our pivot point is at 1.1614.

Our preference:

The downside prevails as long as 1.1614 is resistance, with 1.1562 and 1.1548 as targets

Alternative scenario:

Above 1.1614, look for 1.1636 and 1.1650.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands above its 20 period moving average (1.1592) but below its 50 period moving average (1.1599).

GBPUSD

GBP/USD intraday : Expect 1.3475

Our pivot point is at 1.3535.

Our preference:

The downside prevails as long as 1.3535 is resistance, with 1.3475 and 1.3460 as targets

Alternative scenario:

Above 1.3535, look for 1.3561 and 1.3577.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.3521 and 1.3533).

CRUDE OIL

Crude Oil (WTI)‎ (V6)‎ intraday: expect 93.30.

Pivot:88.40

Our preference:

Long positions above 88.40 with targets at 91.30 & 93.30 in extension.

Alternative scenario:

Below 88.40 look for further downside with 86.70 & 85.30 as targets.

Comment:

The RSI shows upside momentum.

GOLD

Gold intraday : Rebound towards 4,420

Our pivot point is at 4,288.

Our preference:

Rebound towards 4,420

Alternative scenario:

Below 4,288, expect 4,239 and 4,210.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. The price stands below its 20 and 50 period moving average (respectively at 4,343 and 4,385).

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: under pressure.

Pivot:53230

Our preference:

Short positions below 53230 with targets at 52680 & 52490 in extension.

Alternative scenario:

Above 53230 look for further upside with 53340 & 53550 as targets.

Comment:

The RSI advocates for further downside.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: towards 28800.

Pivot:29320

Our preference:

Short positions below 29320 with targets at 28950 & 28800 in extension.

Alternative scenario:

Above 29320 look for further upside with 29570 & 29810 as targets.

Comment:

The RSI is mixed with a bearish bias.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: key resistance at 7674.

Pivot:7674

Our preference:

Short positions below 7674 with targets at 7621 & 7600 in extension.

Alternative scenario:

Above 7674 look for further upside with 7718 & 7755 as targets.

Comment:

The RSI is mixed to bearish.