The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading back up to the negatively layered moving averages
Probable scenario: Short beneath 1.2919
Alternate scenario: Awaiting for long setup
Intraday levels: Open: 1.2941, R1 1.2978, R2 1.3014, S1 1.2904, S2 1.2868
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: GBPUSD is trading back up to the negatively layered moving averages
Probable scenario: Short beneath 1.6286
Alternate scenario: Awaiting for long setup
Intraday levels: Open: 1.6324, R1 1.6363, R2 1.6402, S1 1.6285, S2 1.6246
USDJPY
Time frame: 1 hour
Trend: Up
Outlook: USDJPY is trading is trading back down to the positively layered moving averages
Probable scenario: Awaiting long set up
Alternate scenario: Short beneath 105.19
Intraday levels: Open: 105.24, R1 105.51, R2 105.76, S1 104.98, S2 104.73
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: USDCHF is trading is trading back down to the positively layered moving averages
Probable scenario: Long above 0.9335
Alternate scenario: Await short set up
Intraday levels: Open: 0.9319, R1 0.9345, R2 0.9371, S1 0.9294, S2 0.9268