Where To Sell EUR/JPY & Buy EUR/CHF - Barclays

Where To Sell EUR/JPY & Buy EUR/CHF - Barclays

3 May 2016, 22:56
Vasilii Apostolidi

EUR/JPY: We have turned neutral in the short-term and would prefer to fade upticks or re-establish a bearish view on a break below 121.55 lows. Our downside targets are towards 119.90, near the monthly cloud base and then 118.75/115.35.

EUR/CHF: Our preference is to buy dips in range while support near 1.0885 (200-dma) underpins the daily close. A move above initial upside targets near 1.1025 would confirm upside towards 1.1060 and then 1.1115 area. 

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