The London open
EURUSD
Time frame: 1 hour
Trend: Up
Outlook: The price action is correcting down towards the positively layered moving
Probable scenario: Long above 1.3433
Alternate scenario: Short beneath 1.3417
Intraday levels: Open: 1.3429, R1 1.3451, R2 1.3473, S1 1.3407, S2 1.3385
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: The price action is correcting up towards the negatively layered moving averages
Probable scenario: Short beneath 1.6816
Alternate scenario: Long above 1.6833
Intraday levels: Open: 1.6830, R1 1.6863, R2 1.6895, S1 1.6798, S2 1.6766
USDJPY
Time frame: 1 hour
Trend: Down
Outlook: The price action is correcting up towards the negatively layered moving averages
Probable scenario: Short beneath 102.47
Alternate scenario: Awaiting pullback
Intraday levels: Open: 102.54, R1 102.75, R2 102.96, S1 102.33, S2 102.12
USDCHF
Time frame: 1 hour
Outlook: Down
Price action: The price action is correcting up towards the negatively layered moving averages
Probable scenario: Long above 0.9067
Alternate scenario: Short beneath 0.9045
Intraday levels: Open: 0.9046, R1 0.9063, R2 0.9080, S1 0.9029, S2 0.9011