Yen, oil, and gold decline while the Euro, Pound, and indices remain strong.

MARKET ANALYSIS

USDJPY

USD/JPY intraday : The downside prevails as long as 158.07 is resistance

Our pivot point is at 158.07.

Our preference:

The downside prevails as long as 158.07 is resistance, with 156.83 and 156.66 as targets

Alternative scenario:

Above 158.07, look for 158.35 and 158.51.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 158.45 and 159.54).

EURUSD

EUR/USD intraday : The upside prevails as long as 1.1525 is support

Our pivot point is at 1.1525.

Our preference:

The upside prevails as long as 1.1525 is support, with 1.1578 and 1.1592 as targets

Alternative scenario:

Below 1.1525, expect 1.1502 and 1.1488.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 1.1528 and 1.1516).

GBPUSD

GBP/USD intraday : Watch 1.3529

Our pivot point is at 1.3453.

Our preference:

The upside prevails as long as 1.3453 is support, with 1.3529 and 1.3550 as targets

Alternative scenario:

Below 1.3453, expect 1.3418 and 1.3397.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 1.3477 and 1.3458).

CRUDE OIL

Crude Oil (WTI)‎ (U6)‎ intraday: under pressure.

Pivot:83.80

Our preference:

Short positions below 83.80 with targets at 78.80 & 77.40 in extension.

Alternative scenario:

Above 83.80 look for further upside with 85.10 & 86.85 as targets.

Comment:

A break below 78.80 would trigger a drop towards 77.40.

GOLD

Gold intraday : Pivot threshold in sight

Our pivot point is at 4,093.

Our preference:

The downside prevails as long as 4,093 is resistance, with 4,011 and 3,989 as targets

Alternative scenario:

Above 4,093, look for 4,130 and 4,152.

Comment:

The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: further advance.

Pivot:52490

Our preference:

Long positions above 52490 with targets at 53080 & 53320 in extension.

Alternative scenario:

Below 52490 look for further downside with 52300 & 52120 as targets.

Comment:

The RSI is bullish and calls for further upside.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: bullish bias above 28260.

Pivot:28260

Our preference:

Long positions above 28260 with targets at 28720 & 28990 in extension.

Alternative scenario:

Below 28260 look for further downside with 28080 & 27870 as targets.

Comment:

The RSI calls for a bounce.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: the upside prevails.

Pivot:7499

Our preference:

Long positions above 7499 with targets at 7590 & 7630 in extension.

Alternative scenario:

Below 7499 look for further downside with 7455 & 7428 as targets.

Comment:

The RSI calls for a new upleg.