Setups: EUR/USD, USD/JPY, GBP/USD, EUR/JPY, NZD/USD, USD/CAD - Barclays
EUR/USD: We are bearish towards initial targets in the 1.1360 area. A move below 1.1360 would signal lower towards 1.1300. The 1.1215 range lows are expected to provide buying interest.
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USD/JPY: We are bullish in the short term and look for a squeeze higher in range towards the 108.75 area, where we would look for signs of a top. Overall, we are bearish towards 105.20 and then 100.75.
GBP/USD: Wednesday’s low close confirmed a prior topping candle and encourages us to adopt a more bearish short-term view towards support in the 1.4390 area.
EUR/JPY: We are neutral in the short term and would prefer to fade upticks or re-establish a bearish view on a break below the 121.55 lows. Our downside targets are towards 119.90, near the monthly cloud base and then 118.75/115.35.
NZD/USD: We are bearish against the 0.7055 range highs. A break below nearby support in the 0.6805 area would confirm a top under 0.7055 and open targets near initial targets near 0.6760. Measured targets for the top are towards 0.6665 and then 0.6545.
USD/CAD: We are overall bearish USDCAD and would prefer to fade upticks. We are looking for selling interest near the 1.2990 range highs to provide a cap. Our targets are towards 1.2125 and then 1.2050/1.1915.
