The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: We are bearish and would use upticks against resistance in the 1.0830 area as an opportunity to sell at better levels. A move below 1.0615 would signal lower towards our targets near 1.0520 and then the 1.0460 year-to-date lows.
USD/JPY: Dips in price are seen as a healthy correction within the context of the month-long up-move. We expect buying interest near122.20 to underpin a move higher. Above 123.75 would open our targets near the 125.30/125.85 highs.
USD/CHF: Selling interest has emerged ahead of the 1.0240 year-to-date highs. We are bullish and expect buying interest to emerge in the 1.0090 area. While the range lows near 0.9990 underpin, we look for a move above 1.0240 towards our next targets in the 1.0300 area.
GBP/USD: We are standing aside for now as the pullback off the 1.5025 low proves stronger than initially anticipated. We are overall bearish against the 1.5510 range highs and would look for signs of a top to re-engage a bearish view. Below 1.5155 would signal lower towards targets near 1.5025 and then the 1.4860 area.
AUD/USD: We are bearish and would prefer to use upticks as an opportunity to sell at better levels. Selling interest is expected near 0.7225. A move below 0.7070 would encourage our view towards 0.7015 and then lower towards our targets near the 0.6935/0.6895 lows.
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