for 4th July 2014
Currency pair: EURUSD
Time frame: Intraday: 1 hour
Trend: Down
Price action: Price action trading lower following a move back to the negatively layered moving averages
Probable scenario: Short beneath 1.3601
Alternate scenario: Long above 1.3611
Intraday levels: Open: 1.3610, R1 1.3636, R2 1.3662, S1 1.3583, S2 1.3557
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 1.7180
Alternate scenario: Short beneath 1.7149
Intraday levels: Open: 1.7154, R1 1.7188, R2 1.7223, S1 1.7120, S2 1.7085
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 102.22
Alternate scenario: Short beneath 102.17
Intraday levels: Open: 102.18, R1 102.38, R2 102.57, S1 101.99, S2 101.79
Currency pair: USDCHF
Time frame: Intraday: 1 hour
Trend: Up
Price action: Price action trading higher following a move back to the positively layered moving averages
Probable scenario: Long above 0.8938
Alternate scenario: Short beneath 0.8930
Intraday levels: Open: 0.8932, R1 0.8952, R2 0.8972, S1 0.8911, S2 0.8891