Barclays is a seller of just about everything

27 June 2016, 20:29
Sherif Hasan
0
23

Colour them bearish

EUR/USD: Our bearish view was encouraged by Friday's low close. We are looking for a move back towards Friday's 1.0910 lows and then towards a swing target near 1.0840. Beyond there we are looking towards the 1.0710 area.

USD/JPY: We are bearish and would prefer to fade upticks towards the 103.55 former range lows. Our targets are back to Friday's 99.00 lows and further out towards the 94.80 area.

GBP/USD: We are bearish. Friday's high volume sell-off points lower. We expect a move towards our targets near 1.3015 and then the 1.2750 area.

AUD/USD: Friday's key reversal day encourages our bearish view. We look for a move below initial targets near 0.7285 to signal lower towards the 0.7145 lows.

NZD/USD: We have turned bearish following Friday's reversal candle. A move below 0.6960, our initial targets would point lower towards 0.6890 and then the 0.6810 area.

Maybe they're bullish on USDCAD?

USD/CAD: We prefer to fade upticks towards 1.3190 and look for a move below targets near 1.2655 to signal lower towards the 1.2460 year-to-date lows.

That'll be a no then.

Barclays aren't the only one holding the shorting stick. To find out who else is bearish, have a look at our mates at eFX News.

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