The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading up to the negatively layered moving averages
Probable scenario: Short beneath 1.3152
Alternate scenario: Long above 1.3210
Intraday levels: Open: 1.3168, R1 1.3195, R2 1.3223, S1 1.3140, S2 1.3112
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: GBPUSD is trading up to the negatively layered moving averages
Probable scenario: Short beneath 1.6536
Alternate scenario: Long above 1.6560
Intraday levels: Open: 1.6540, R1 1.6570, R2 1.6600, S1 1.6509, S2 1.6479
USDJPY
Time frame: 1 hour
Trend: Up
Outlook: USDJPY is trading down to the positively layered moving averages
Probable scenario: Long above 104.17
Alternate scenario: Short beneath 103.93
Intraday levels: Open: 104.06, R1 104.29, R2 104.54, S1 103.80, S2 103.56
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: USDCHF is trading down to the positively layered moving averages
Probable scenario: Long above 0.9185
Alternate scenario: Short beneath 0.9171
Intraday levels: Open: 0.9174, R1 0.9195, R2 0.9217, S1 0.9152, S2 0.9131