The London open
EURUSD
Time frame: 1 hour
Trend: Up
Outlook: The price action is correcting down towards the positively layered moving averages
Probable scenario: Long above 1.3391
Alternate scenario: Short beneath 1.3379
Intraday levels: Open: 1.3383, R1 1.3406, R2 1.3429, S1 1.3360, S2 1.3337
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: GBPUSD is trading lower and away from negatively layered moving averages
Probable scenario: Awaiting short set up
Alternate scenario: Long above 1.6864
Intraday levels: Open: 1.6853, R1 1.6884, R2 1.6914, S1 1.6823, S2 1.6792
USDJPY
Time frame: 1 hour
Trend: Down
Outlook: The price action is correcting up towards the negatively layered moving averages
Probable scenario: Short beneath 102.03
Alternate scenario: Long above 102.64
Intraday levels: Open: 102.08, R1 102.31, R2 102.54, S1 101.85, S2 101.62
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: The price action is correcting up towards the negatively layered moving averages
Probable scenario: Short beneath 0.9071
Alternate scenario: Awaiting long set up
Intraday levels: Open: 0.9075, R1 0.9093, R2 0.9111, S1 0.9056, S2 0.9038