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Market Analysis

GBPUSD

GBP/USD Intraday: the downside prevails.

Pivot:

1.3350

Our preference:

Short positions below 1.3350 with targets at 1.3305 & 1.3285 in extension.

Alternative scenario:

Above 1.3350 look for further upside with 1.3375 & 1.3395 as targets.

Comment:

As long as the resistance at 1.3350 is not surpassed, the risk of the break below 1.3305 remains high.

USDJPY

USD/JPY Intraday: bullish bias above 152.15.

Pivot:

152.15

Our preference:

Long positions above 152.15 with targets at 152.80 & 153.20 in extension.

Alternative scenario:

Below 152.15 look for further downside with 151.80 & 151.50 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited

EURUSD

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.1595

Our preference:

Long positions above 1.1595 with targets at 1.1630 & 1.1645 in extension.

Alternative scenario:

Below 1.1595 look for further downside with 1.1580 & 1.1565 as targets.

Comment:

The RSI advocates for further advance.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (Z5)‎ Intraday: the bias remains bullish.

Pivot:

60.90

Our preference:

Long positions above 60.90 with targets at 62.80 & 63.30 in extension.

Alternative scenario:

Below 60.90 look for further downside with 60.15 & 59.70 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GOLD

Gold Intraday: the bias remains bullish.

Pivot:

4070.00

Our preference:

Long positions above 4070.00 with targets at 4160.00 & 4215.00 in extension.

Alternative scenario:

Below 4070.00 look for further downside with 4010.00 & 3945.00 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

DOW JONES (CME)

Dow Jones (CME)‎ (Z5)‎ Intraday: continuation of the rebound.

Pivot:

46760.00

Our preference:

Long positions above 46760.00 with targets at 47090.00 & 47190.00 in extension.

Alternative scenario:

Below 46760.00 look for further downside with 46650.00 & 46570.00 as targets.

Comment:

The RSI is bullish and calls for further advance.

NASDAQ 100

Nasdaq 100 (CME)‎ (Z5)‎ Intraday: expect 25455.00.

Pivot:

25200.00

Our preference:

Long positions above 25200.00 with targets at 25365.00 & 25455.00 in extension.

Alternative scenario:

Below 25200.00 look for further downside with 25105.00 & 25050.00 as targets.

Comment:

The next resistances are at 25365.00 and then at 25455.00.

S&P 500

S&P 500 (CME)‎ (Z5)‎ Intraday: further upside.

Pivot:

6764.00

Our preference:

Long positions above 6764.00 with targets at 6790.00 & 6811.00 in extension.

Alternative scenario:

Below 6764.00 look for further downside with 6748.00 & 6725.00 as targets.

Comment:

The RSI is bullish and calls for further upside.