MARKET BRIEFING – LONDON OPEN 04.06.2015
EURUSD
The intraday technical outlook
EURUSD closed the day higher.
This morning I am monitoring the price action for a test of the 1.1340 level.
Alternatively a failure to sustain a move higher 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 1.1050 level
GBPUSD
The intraday technical outlook
GBPUSD closed the day lower.
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 higher.
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 124.00 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 higher.
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 0.9425 level.
From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9425 level.
AUDUSD
The intraday technical outlook
AUDUSD closed the day higher.
This morning I am monitoring the price action for a test of the 0.7700 level.
Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7750 level.
From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7820 level
GOLD
The intraday technical outlook
Gold closed the day lower.
This morning I am monitoring the price action for a test of the 1182.00 level.
Alternatively a failure to sustain a move lower could see XAUUSD test the 1185.50 level.
From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1196.25 level
OIL
The intraday technical outlook
Oil closed the day lower.
This morning I am monitoring the price action for a test of the 59.30 level.
Alternatively a failure to sustain a move lower 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.
MORE ON ACFXblog.com