Setups: EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, NZD/USD - Barclays
EUR/USD: We have flipped our short-term bullish view following Thursday’s key reversal day.
Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105
Against resistance in the 1.1420 are looking for a move lower in range towards targets near 1.1240, the 21-dma and then lower towards 1.1165.
USD/JPY: Yesterday’s bullish “hammer” candle has prompted us to turn bullish in the short term. A move above initial upside targets near 107.90 would point higher towards the 108.85 area. Our greater view is bearish and a move back below 105.50 would confirm downside towards 100.70.
GBP/USD: The move below support in the 1.4330 area encourages our bearish view and signal a double-top under the 1.4770 highs. Our initial targets are towards the 1.4090 area. A move below there would signal downside towards 1.4005.
USD/CHF: We turned neutral. Buying interest has emerged ahead of our targets near 0.9550. The lack reversal candle has prevented us from turning bullish. However, a positive close today would encourage us to expect further upside in range towards the 0.9770 area.
AUD/USD: We have turned bearish following Thursday’s bearish engulfing candle. We are looking for a move towards initial downside targets near the 0.7365 and then lower towards the 0.7265/85 area.
NZD/USD: We are cautiously bullish in the short term towards targets near 0.7235. From there we would look for signs of a top and move lower toward 0.6890 and then 0.6675.
