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, and NZD/USD as provided by the technical strategy team at Barclays Capital.

EUR/USD: Our bearish view was encouraged by Wednesday’s low close. We are looking for a move below last week’s 1.0795 low to confirm downside traction towards 1.0730 and then the 1.0520 range lows.

USD/JPY: The break above resistance near 122.25 endorses our bullish view. We expect further gains towards our targets near 123.75 and then the 125.85 year-to-date highs.

GBP/USD: Wednesday’s break below support near 1.4955 encourages our bearish view. We are looking for a move below initial targets near 1.4895 to open our next targets near 1.4855. 

AUD/USD: We are bearish and look for a break below support near 0.7160 to confirm lower towards our targets near 0.7070 and then the 0.7015 November lows.

NZD/USD: Selling interest near the 0.6900 range highs is expected to cap upticks and helps to keep us bearish. We are looking for a move lower towards 0.6575 and then targets near 0.6430 and the 0.6235 year-to-date low further out