The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading up to the negatively layered moving averages
Probable scenario: Short beneath 1.3178
Alternate scenario: Long above 1.3213
Intraday levels: Open: 1.3191, R1 1.3220, R2 1.3248, S1 1.3163, S2 1.3135
GBPUSD
Time frame: 1 hour
Trend: Up
Outlook: GBPUSD is trading down to the positively layered moving averages
Probable scenario: Long above 1.6595
Alternate scenario: Short beneath 1.6565
Intraday levels: Open: 1.6578, R1 1.6609, R2 1.6640, S1 1.6547, S2 1.6516
USDJPY
Time frame: 1 hour
Trend: Down
Outlook: USDJPY is trading up to the negatively layered moving averages
Probable scenario: Short beneath 103.74
Alternate scenario: Long above 104.12
Intraday levels: Open: 104.05, R1 104.29, R2 104.54, S1 103.80, S2 103.56
USDCHF
[img][IMG]http://s27.postimg.org/asv0qhrcj/2608ldn_USDCHF_H1.png[/img][/IMG]
Time frame: 1 hour
Outlook: Down
Price action: USDCHF is trading down and away from the negatively layered moving averages
Probable scenario: Short beneath 0.9140
Alternate scenario: Long above 0.9164
Intraday levels: Open: 0.9153, R1 0.9175, R2 0.9196, S1 0.9131, S2 0.9110