Tech Setups For EUR/USD, USD/JPY, GBP/USD, USD/CHF - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and USD/CHF as provided by the technical strategy team at Barclays Capital.
EUR/USD: A move below our initial downside targets near 1.1085 would confirm downside traction. Our next targets are towards the 1.1000/20 area and further out towards 1.0810.
USD/JPY: No change. A move above nearby resistance in the 121.30 area would encourage our bullish view towards initial targets near 121.75 and then the 123.35 area. For choice, we would look to buy dips against the 118.65 area.
GBP/USD: Long and wrong. Our expectations of buying interest near 1.5475 proved wrong. Overall, we look for the 1.5160 area to underpin the overall range and scope for upside towards 1.5660.
USD/CHF: We are bullish and look for a move higher towards targets near 0.9830 and then the highs near 0.9905. Beyond there, we expect gains towards 1.0130.
