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London Open Intra Day Analysis 28.08.2014

The London open





EURUSD



Time frame: 1 hour
Trend: Up
Outlook: EURUSD is trading down to the positively layered moving averages
Probable scenario: Awaiting pull back
Alternate scenario: Short beneath 1.3188
Intraday levels: Open: 1.3193, R1 1.3221, R2 1.3249, S1 1.3165, S2 1.3137




GBPUSD



Time frame: 1 hour
Trend: Up
Outlook: GBPUSD is trading down to the positively layered moving averages
Probable scenario: Long above 1.6604
Alternate scenario: Short beneath 1.6570
Intraday levels: Open: 1.6574, R1 1.6605, R2 1.6635, S1 1.6543, S2 1.6512




USDJPY



Time frame: 1 hour
Trend: Down
Outlook: USDJPY is trading up to the negatively layered moving averages
Probable scenario: Short beneath 103.69
Alternate scenario: Long above 103.92
Intraday levels: Open: 103.87, R1 104.10, R2 104.35, S1 103.63, S2 103.40



USDCHF



Time frame: 1 hour
Outlook: Up
Price action: USDCHF is trading up to the negatively layered moving averages
Probable scenario: Short beneath 0.9131
Alternate scenario: Long above 0.9151
Intraday levels: Open: 0.9147, R1 0.9168, R2 0.9190, S1 0.9125, S2 0.9103