MARKET BRIEFING – LONDON OPEN 01.06.2015
EURUSD
The intraday technical outlook
EURUSD closed the day lower.
This morning I am monitoring the price action for a test of the 1.0900 level.
Alternatively a failure to sustain a move lower could see EURUSD test the 1.1050 level.
From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0865 level.
GBPUSD
The intraday technical outlook
GBPUSD closed the day lower.
This morning I am monitoring the price action for a test of the 1.5250 level.
Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5290 level.
From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5350 level
USDJPY
The intraday technical outlook
USDJPY closed the day higher.
This morning I am monitoring the price action for a test of the 124.50 level.
Alternatively a failure to sustain a move higher could see USDJPY test the 124.00 level.
From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 123.60 level
USDCHF
The intraday technical outlook
USDCHF closed the day lower.
This morning I am monitoring the price action for a test of the 0.9500 level.
Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.
From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9500 level
AUDUSD
The intraday technical outlook
AUDUSD closed the day unchanged.
This morning I am monitoring the price action for a test of the 0.7700 level.
Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7620 level.
From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7750 level.
GOLD
The intraday technical outlook
Gold closed the day higher.
This morning I am monitoring the price action for a test of the 1198.05 level.
Alternatively a failure to sustain a move higher could see XAUUSD test the 1185.50 level.
From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1185.45 level
OIL
The intraday technical outlook
Oil closed the day higher.
This morning I am monitoring the price action for a test of the 60.00 level.
Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 59.00 level.
From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 57.80 level
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