The London open
EURUSD
Time frame: 1 hour
Trend: Up
Outlook: EURUSD is trading down to positively layered moving averages
Probable scenario: Long above 1.3400
Alternate scenario: Short beneath 1.3387
Intraday levels: Open: 1.3390, R1 1.3417, R2 1.3444, S1 1.3363, S2 1.3336
GBPUSD
Time frame: 1 hour
Trend: Up
Outlook: GBP is trading down to positively layered moving averages
Probable scenario: Long above 1.6731
Alternate scenario: Short beneath 1.6712
Intraday levels: Open: 1.6729, R1 1.6759, R2 1.6789, S1 1.6698, S2 1.6668
USDJPY
Time frame: 1 hour
Trend: Down
Outlook: USDJPY is trading up to negatively layered moving averages
Probable scenario: Short beneath 102.24
Alternate scenario: Long above 102.45
Intraday levels: Open: 102.32, R1 102.53, R2 102.74, S1 102.11, S2 101.89
USDCHF
Time frame: 1 hour
Outlook: Down
Price action: USDCHF is trading up to negatively layered moving averages
Probable scenario: Short beneath 0.9022
Alternate scenario: Long above 0.9040
Intraday levels: Open: 0.9023, R1 0.9044, R2 0.9065, S1 0.9001, S2 0.8980