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: We are bearish against the 1.1060 range highs and would prefer to fade upticks within range. A move below our initial downside targets near 1.0795 would encourage our bearish view towards targets near 1.0730 and then the 1.0520 range lows.
USD/JPY: The break below 120.00 has prompted us to turn bearish in the short term. Our initial downside targets are near 118.00. Below 118.00 would signal further downside towards the 116.15 range lows.
GBP/USD: Having reached initial downside targets in the 1.4855 area, we now expect further weakness. Our greater targets are towards the 1.4565, 2015 lows.
AUD/USD: We look for nearby selling interest in the 0.7335 area to cap a move lower towards initial targets near 0.7095. Below there would point towards our next targets towards the 0.7015 November lows and then the 0.6930 area.
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 0.6680 and then 0.6575 ahead of the 0.6430 November lows
