MARKET BRIEFING – LONDON OPEN 03.06.2015
EURUSD
The intraday technical outlook
EURUSD closed the day higher.
This morning I am monitoring the price action for a test of the 1.1050 level.
Alternatively a failure to sustain a move lower could see EURUSD test the 1.1200 level.
From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0865 level
GBPUSD
The intraday technical outlook
GBPUSD closed the day higher.
This morning I am monitoring the price action for a test of the 1.5350 level.
Alternatively a failure to sustain a move higher could see GBPUSD test the 1.5250 level.
From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5170 level.
USDJPY
The intraday technical outlook
USDJPY closed the day lower.
This morning I am monitoring the price action for a test of the 125.00 level.
Alternatively a failure to sustain a move higher could see USDJPY test the 123.60 level.
From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 123.60 level.
USDCHF
The intraday technical outlook
USDCHF closed the day lower.
This morning I am monitoring the price action for a test of the 0.9295 level.
Alternatively a failure to sustain a move lower could see USDCHF test the 0.9400 level.
From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9480 level
AUDUSD
The intraday technical outlook
AUDUSD closed the day higher.
This morning I am monitoring the price action for a test of the 0.7800 level.
Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7750 level.
From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7595 level
GOLD
The intraday technical outlook
Gold closed the day higher.
This morning I am monitoring the price action for a test of the 1198.00 level.
Alternatively a failure to sustain a move higher could see XAUUSD test the 1185.45 level.
From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1185.45 level
OIL
The intraday technical outlook
Oil closed the day higher.
This morning I am monitoring the price action for a test of the 60.80 level.
Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 60.00 level.
From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 59.30 level.
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