Technical Setups For EUR/USD, USD/JPY, GBP/USD, AUD/USD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: No change. We are bearish and look for a move lower towards initial targets near 1.1100 an then lower towards our targets near 1.1050 and 1.1000. Our greater targets are towards 1.0765. Nearby resistance is in the 1.1345 area, the 21-dma.
USD/JPY: The close above nearby resistance in the 119.85 area encourages our bullish view. We look for a move towards targets on the 120.50/85 area. A break above 120.85 would signal a re-test of the greater range highs near 121.85.
GBP/USD: A move below our initial targets near 1.5315 would help to confirm our bearish view towards the 1.5200 area and then the 1.4950 range lows. A move below 1.4950 would signal lower towards 1.4815, the lows of 2013. Resistance in the 1.5555 area.
AUD/USD: We prefer to fade upticks towards 0.7915, the recent highs and look for a move below initial downside targets in the 0.7735 area to signal lower towards the 0.7625 range lows. Below 0.7625 would point towards 0.7450 ahead of our greater targets in the 0.7100 area. Support near 1.0300 in AUDNZD underpins upticks towards initial targets near 1.0840.
PS: indicators that you can use in your trading system.
Good Luck!!!
