The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: The price action is correcting up towards the negatively layered moving averages
Probable scenario: Short beneath 1.3382
Alternate scenario: Long above 1.3392
Intraday levels: Open: 1.3390, R1 1.3410, R2 1.3430, S1 1.3370, S2 1.3349
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: The price action is correcting up towards the negatively layered moving averages
Probable scenario: Short beneath 1.6867
Alternate scenario: Long above 1.6893
Intraday levels: Open: 1.6884, R1 1.6915, R2 1.6945, S1 1.6854, S2 1.6823
USDJPY
Time frame: 1 hour
Trend: Up
Outlook: The price action is trading higher and away from the positively layered moving averages
Probable scenario: Long above 103.00
Alternate scenario: Short beneath 102.73
Intraday levels: Open: 102.79, R1 102.97, R2 103.16, S1 102.60, S2 102.40
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: The price action is correcting down towards the positively layered moving averages
Probable scenario: Long above 0.9095
Alternate scenario: Short beneath 0.9082
Intraday levels: Open: 0.9087, R1 0.9102, R2 0.9118, S1 0.9071, S2 0.9056