Setups For EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: We are bearish and would use upticks towards 1.0765 as an opportunity to sell at better levels. Our targets are near 1.0520 and then the 1.0460 year-to-date lows.
USD/JPY: We are overall bullish and would prefer to buy dips against 122.20. An unexpected move below 122.20 would risk a squeeze lower in range towards 120.80 before buyers resume. For now,we look for a move higher through 123.75 towards our targets near the 125.30/125.85 highs.
GBP/USD: A move below our initial targets are near the 1.5025 November lows would encourage our bearish view. Our next targets are towards the 1.4860 area.
AUD/USD: Yesterday’s topping candle signals a move lower in range. We are bearish and look for a move back below 0.7070/75 towards targets near 0.7015 and then the 0.6935/0.6895 lows.
NZD/USD: Tuesday’s inside day signals a breather. Overall, we are bearish and would look to sell upticks towards 0.6610 for a move lower through 0.6430. Our targets are near 0.6375 and then the 0.6235 year-to-date lows.
