Tech 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: Tuesday’s small topping candle ahead of resistance in the 1.1300 area helps to keep our focus lower. We are looking for a move lower in range towards 1.1145 and then our initial targets near 1.1085. Below the latter would confirm downside traction towards the 1.1000/20 area and further out towards 1.0810.
USD/JPY: Buying interest ahead of initial support near 119.05 encourages our overall bullish view. A move above resistance in the 121.30 area would signal upside towards initial targets near 121.75. Beyond there, we are looking for a move higher towards the 123.35 area.
GBP/USD: The close below 1.5160 has prompted us to adopt a more bearish view in the short term. Our targets are lower in range towards 1.5085. Below the latter would signal lower to the 1.4850 area where we would look for signs of a base.
AUD/USD: We are bearish and look for a move lower towards the 0.6895 lows. A break below there would signal further downside towards our next targets in the 0.6770 area.
