The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading lower and away from its negatively layered moving averages
Probable scenario: Awaiting short set up
Alternate scenario: Long above 1.2901
Intraday levels: Open: 1.2894, R1 1.2930, R2 1.2967, S1 1.2857, S2 1.2821
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: GBPUSD is trading lower and away from its negatively layered moving averages
Probable scenario: Awaiting short set up
Alternate scenario: Long above 1.6107
Intraday levels: Open: 1.6104, R1 1.6152, R2 1.6200, S1 1.6056, S2 1.6008
USDJPY
Time frame: 1 hour
Trend: Down
Outlook: USDJPY is trading higher and away from its positively layered moving averages
Probable scenario: Awaiting long set up
Alternate scenario: Long above 105.94
Intraday levels: Open: 106.04, R1 106.37, R2 106.70, S1 105.71, S2 105.38
USDCHF
Time frame: 1 hour
Trend: Up
Outlook: USDCHF is trading is trading up and away from its positively layered moving averages
Probable scenario: Awaiting long set up
Alternate scenario: Awaiting short set up
Intraday levels: Open: 0.9355, R1 0.9381, R2 0.9408, S1 0.9328, S2 0.9301