The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: The price action is trading lower and away from the negatively layered moving averages
Probable scenario: Short beneath 1.3400
Alternate scenario: Long above 1.3416
Intraday levels: Open: 1.3408, R1 1.3429, R2 1.3449, S1 1.3387, S2 1.3366
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: The price action is trading lower and away from the negatively layered moving averages
Probable scenario: Short beneath 1.6940
Alternate scenario: Long above 1.6955
Intraday levels: Open: 1.6943, R1 1.6972, R2 1.7002, S1 1.6914, S2 1.6884
USDJPY
Time frame: 1 hour
Trend: Up
Outlook: The price action is correcting down towards the positively layered moving averages
Probable scenario: Long above 102.16
Alternate scenario: Short beneath 102.03
Intraday levels: Open: 102.11, R1 102.27, R2 102.42, S1 101.95, S2 101.80
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: The price action is trading higher and away from the positively layered moving averages
Probable scenario: Long above 0.9074
Alternate scenario: Short beneath 0.9064
Intraday levels: Open: 0.9069, R1 0.9084, R2 0.9099, S1 0.9053, S2 0.9038