for 3rd July 2014
Currency pair: EURUSD
Time frame: Intraday: 1 hour
Trend: Down
Price action: Price action has corrected back up to the negatively layered moving averages and these could act as an area of resistance
Probable scenario: Short beneath 1.3646
Alternate scenario: Long above 1.3660
Intraday levels: Open: 1.3658, R1 1.3683, R2 1.3708, S1 1.3633, S2 1.3608
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 an area of support
Probable scenario: Long above 1.7167
Alternate scenario: Short beneath 1.7149
Intraday levels: Open: 1.7164, R1 1.7197, R2 1.7230, S1 1.7131, S2 1.7098
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 an area of support
Probable scenario: Long above 101.94
Alternate scenario: Short beneath 101.75
Intraday levels: Open: 101.77, R1 101.95, R2 102.14, S1 101.58, S2 101.40
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 0.8894
Alternate scenario: Short beneath 0.8887
Intraday levels: Open: 0.8888, R1 0.8907, R2 0.8926, S1 0.8869, S2 0.8850