Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR/USD: Bullish: Take partial profit at 1.1400.

While we believe EUR/USD has room to extend higher in the longer run, the current rally is showing signs of slowing and a short-term top appears to be imminent.

Those who are long should continue to book some partial profit at 1.1400. S

GBP/USD: Neutral: Likely in a 1.4350/1.4650 range for now.

 There is not much to add as GBP continues to trade choppily within a confined range.

We remain neutral and expect this pair to trade in a broad 1.4350/1.4650 for another week or so.

AUD/USD: Neutral: Likely in a broad 0.6950/0.7240 range for now.

AUD/USD traded in a choppy manner yesterday and we continue to remain neutral for now. The current movement is viewed as part of a broad consolidation phase. Expected range; 0.6950/0.7240.

NZD/USD: Neutral: Likely in a broad 0.6560/0.6800 range for now.

There is no change to the neutral view and we continue to expect this to trade in a 0.6560/0.6800 for now.

USD/JPY: Bearish: Next level to aim for is 110.00. The ease of which the 112.00 target was exceeded has shifted the focus to the next key level of 110.00.

Stop-loss should remain at 114.60 for now but this level is expected to move lower quickly in the next few days.

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