The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading down and away from the negatively layered moving averages
Probable scenario: Short beneath 1.3185
Alternate scenario: Long above 1.3213
Intraday levels: Open: 1.3197, R1 1.3225, R2 1.3254, S1 1.3169, S2 1.3140
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: GBPUSD is trading up to the negatively layered moving averages
Probable scenario: Short beneath 1.6535
Alternate scenario: Long above 1.6586
Intraday levels: Open: 1.6542, R1 1.6573, R2 1.6604, S1 1.6512, S2 1.6481
USDJPY
Time frame: 1 hour
Trend: Up
Outlook: USDJPY is trading down to the positively layered moving averages
Probable scenario: Long above 104.27
Alternate scenario: Short beneath 104.12
Intraday levels: Open: 104.26, R1 104.50, R2 104.76, S1 104.00, S2 103.76
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: USDCHF is trading down to the positively layered moving averages
Probable scenario: Long above 0.9179
Alternate scenario: Short beneath 0.9156
Intraday levels: Open: 0.9172, R1 0.9194, R2 0.9216, S1 0.9151, S2 0.9129