MARKET BRIEFING – LONDON OPEN 25.05.2015
EURUSD
The intraday technical outlook
Friday EURUSD closed the day lower.
This morning I am monitoring the price action for a test of the 1.0900 level.
Alternatively a failure to sustain a move lower could see EURUSD test the 1.1050 level.
From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.
GBPUSD
The intraday technical outlook
Friday GBPUSD closed the day lower.
This morning I am monitoring the price action for a test of the 1.5550 level.
Alternatively a failure to sustain a move higher could see GBPUSD test the 1.5450 level.
From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5700 level.
USDJPY
The intraday technical outlook
Friday USDJPY closed the day higher.
This morning I am monitoring the price action for a test of the 122.00 level.
Alternatively a failure to sustain a move higher prices could see USDJPY test the 121.25 level.
From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 120.75 level.
USDCHF
The intraday technical outlook
Friday USDCHF closed the day higher.
This morning I am monitoring the price action for a test of the 0.9445 level.
Alternatively a failure to sustain a move higher could see USDCHF test the 0.9385 level.
From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9295 level
AUDUSD
The intraday technical outlook
Friday AUDUSD closed the day lower.
This morning I am monitoring the price action for a test of the 0.7785 level.
Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7840 level.
From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7925 level.
GOLD
The intraday technical outlook
Friday Gold closed the day unchanged.
This morning I am monitoring the price action for a test of the 1198.05 level.
Alternatively a failure to sustain a move lower could see XAUUSD test the 1212.40 level.
From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1212.40 level.
OIL
The intraday technical outlook
Friday Oil closed the day higher.
This morning I am monitoring the price action for a test of the 60.00 level.
Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 59.00 level.
From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level
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