The London open
EURUSD
Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading back up to the negatively layered moving averages
Probable scenario: Awaiting short set up
Alternate scenario: Long above 1.3133
Intraday levels: Open: 1.3127, R1 1.3154, R2 1.3181, S1 1.3101, S2 1.3074
GBPUSD
Time frame: 1 hour
Trend: Down
Outlook: GBPUSD is trading back up to the negatively layered moving averages
Probable scenario: Short beneath 1.6577
Alternate scenario: Long above 1.6615
Intraday levels: Open: 1.6606, R1 1.6635, R2 1.6664, S1 1.6576, S2 1.6547
USDJPY
Time frame: 1 hour
Trend: Up
Outlook: USDJPY is trading up and away from the positively layered moving averages
Probable scenario: Awaiting long set up
Alternate scenario: Awaiting short set up
Intraday levels: Open: 104.34, R1 104.55, R2 104.77, S1 104.12, S2 103.91
USDCHF
Time frame: 1 hour
Outlook: Up
Price action: USDCHF is trading back down to the positively layered moving averages
Probable scenario: Awaiting long set up
Alternate scenario: Short beneath 0.9192
Intraday levels: Open: 0.9195, R1 0.9215, R2 0.9235, S1 0.9175, S2 0.9155