The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading down and away from negatively layered moving averages
Probable scenario: Short beneath 1.3355
Alternate scenario: Long above 1.3367
Intraday levels: Open: 1.3365, R1 1.3391, R2 1.3418, S1 1.3338, S2 1.3312
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: GBP is trading up to negatively layered moving averages
Probable scenario: Short beneath 1.6669
Alternate scenario: Long above 1.6692
Intraday levels: Open: 1.6689, R1 1.6724, R2 1.6759, S1 1.6654, S2 1.6619
USDJPY
Time frame: 1 hour
Trend: Up
Outlook: USDJPY is trading down to positively layered moving averages
Probable scenario: Long above 102.65
Alternate scenario: Short beneath 102.39
Intraday levels: Open: 102.42, R1 102.62, R2 102.83, S1 102.22, S2 102.01
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: USDCHF s trading down to positively layered moving averages
Probable scenario: Long above 0.9087
Alternate scenario: Short beneath 0.9070
Intraday levels: Open: 0.9074, R1 0.9094, R2 0.9114, S1 0.9054, S2 0.9034