2nd July 2014
Currency pair: EURUSD
Time frame: Intraday: 1 hour
Trend: Down
Price action: Moving averages have turned negative with the price action beginning to trend lower
Probable scenario: Short beneath 1.3675
Alternate scenario: Long above 1.3685
Intraday levels: Open: 1.3678, R1 1.3704, R2 1.3730, S1 1.3653, S2 1.3627
Currency pair: GBPUSD
Time frame: Intraday: 1 hour
Trend: Up
Price action: Price action has corrected back down to the positively layered moving averages and these could act as a support area
Probable scenario: Long above 1.7152
Alternate scenario: Short beneath 1.7139
Intraday levels: Open: 1.7149, R1 1.7184, R2 1.7219, S1 1.7114, S2 1.7079
Currency pair: USDJPY
Time frame: Intraday: 1 hour
Trend: Up
Price action: Price action has corrected back down to the positively layered moving averages and these could act as a support area
Probable scenario: Long above 101.65
Alternate scenario: Short beneath 101.51
Intraday levels: Open: 101.52, R1 101.70, R2 101.88, S1 101.33, S2 101.15
Currency pair: USDCHF
Time frame: Intraday: 1 hour
Trend: Up
Price action: Moving averages have turned positive with the price action beginning to trend higher
Probable scenario: Long above 0.8879
Alternate scenario: Short beneath 0.8872
Intraday levels: Open: 0.8874, R1 0.8894, R2 0.8914, S1 0.8854, S2 0.8835