The London open
EURUSD
Time frame: 1 hour
Trend: Up
Outlook: EURUSD is trading down and away from negatively layered moving averages
Probable scenario: Short beneath 1.3367
Alternate scenario: Long above 1.3376
Intraday levels: Open: 1.3384, R1 1.3409, R2 1.3434, S1 1.3359, S2 1.3334
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: GBP is trading down and away from negatively layered moving averages
Probable scenario: Awaiting short set up
Alternate scenario: Long above 1.6792
Intraday levels: Open: 1.6787, R1 1.6814, R2 1.6842, S1 1.6759, S2 1.6732
USDJPY
Time frame: 1 hour
Trend: Up
Outlook: USDJPY is trading up and away from positively layered moving averages
Probable scenario: Long above 102.36
Alternate scenario: Awaiting short set up
Intraday levels: Open: 102.19, R1 102.43, R2 102.63, S1 101.97, S2 101.75
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: USDCHF is trading up and away from positively layered moving averages
Probable scenario: Long above 0.9083
Alternate scenario: Short beneath 0.9073
Intraday levels: Open: 0.9065, R1 0.9084, R2 0.9103, S1 0.9047, S2 0.9028