USDJPY Rebounds; EUR, GBP, Gold, Equities Slide; Oil Firms

MARKET ANALYSIS

USDJPY

USD/JPY intraday : Throwback or further upside？

Our pivot point is at 153.30.

Our preference:

The upside prevails as long as 153.30 is support, with 155.01 and 155.43 as targets

Alternative scenario:

Below 153.30, expect 152.60 and 152.18.

Comment:

Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.

EURUSD

EUR/USD intraday : Critical support closing in

Our pivot point is at 1.1649.

Our preference:

The downside prevails as long as 1.1649 is resistance, with 1.1597 and 1.1584 as targets

Alternative scenario:

Above 1.1649, look for 1.1672 and 1.1685.

Comment:

As prices close in on our first target, this level may spark a pullback. However, a definitive break below it could pave the way for a deeper decline.

GBPUSD

GBP/USD intraday : Critical support closing in

Our pivot point is at 1.3554.

Our preference:

The downside prevails as long as 1.3554 is resistance, with 1.3496 and 1.3481 as targets

Alternative scenario:

Above 1.3554, look for 1.3578 and 1.3593.

Comment:

With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside.

CRUDE OIL

Crude Oil (WTI)‎ (V6)‎ intraday: bullish bias above 98.50.

Pivot:

98.50

Our preference:

Long positions above 98.50 with targets at 104.70 & 107.00 in extension.

Alternative scenario:

Below 98.50 look for further downside with 95.35 & 91.85 as targets.

Comment:

The RSI shows downside momentum.

GOLD

Gold intraday : Critical support closing in

Our pivot point is at 4,398.

Our preference:

The downside prevails as long as 4,398 is resistance, with 4,281 and 4,250 as targets

Alternative scenario:

Above 4,398, look for 4,449 and 4,480.

Comment:

As prices close in on our first target, this level may spark a pullback. However, a definitive break below it could pave the way for a deeper decline.

DOW JONES

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

Pivot:

52370

Our preference:

Short positions below 52370 with targets at 51930 & 51650 in extension.

Alternative scenario:

Above 52370 look for further upside with 52670 & 53150 as targets.

Comment:

The RSI calls for a new downleg.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: towards 28930.

Pivot:

29350

Our preference:

Short positions below 29350 with targets at 29040 & 28930 in extension.

Alternative scenario:

Above 29350 look for further upside with 29500 & 29630 as targets.

Comment:

The RSI advocates for further decline.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: under pressure.

Pivot:

7632

Our preference:

Short positions below 7632 with targets at 7585 & 7566 in extension.

Alternative scenario:

Above 7632 look for further upside with 7666 & 7691 as targets.

Comment:

The RSI advocates for further decline.