The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capital.

EUR/USD: We are bearish and would use upticks towards 1.0765 as an opportunity to sell at better levels. Our targets are near 1.0520 and then the 1.0460 year-to-date lows.

USD/JPY: We are overall bullish and would prefer to buy dips against 122.20. An unexpected move below 122.20 would risk a squeeze lower in range towards 120.80 before buyers resume. For now,we look for a move higher through 123.75 towards our targets near the 125.30/125.85 highs.

GBP/USD: A move below our initial targets are near the 1.5025 November lows would encourage our bearish view. Our next targets are towards the 1.4860 area.

x97

AUD/USD: Yesterday’s topping candle signals a move lower in range. We are bearish and look for a move back below 0.7070/75 towards targets near 0.7015 and then the 0.6935/0.6895 lows.

NZD/USD: Tuesday’s inside day signals a breather. Overall, we are bearish and would look to sell upticks towards 0.6610 for a move lower through 0.6430. Our targets are near 0.6375 and then the 0.6235 year-to-date lows.

'This content has been provided under specific arrangement with eFXnews.'

eFXnews is a financial news and information service. Articles and other information distributed in this service and published on this site are provided in general terms and do not take account of or address any individual user's position. To the extent that some of these articles include suggestions as to various possible investment strategies which users might consider, they do so in only general terms without reference to the personal factors which should determine any user's investment decisions to buy or sell a specific security or currency.

The service and the content of this site are provided and distributed on the basis of “AS IS” without warranties of any kind either, express or implied, including without limitations, warranties of title or implied warranties of merchantability or fitness for a particular purpose. eFXnews and its employees, officers, directors, agents, and licensors do not also warrant the accuracy, completeness or timeliness of the information in any of the articles and other information distributed in this service and included on this site, and eFXnews hereby disclaims any such express or implied warranties; and, you hereby acknowledge that use of the service and the content of this site is at you sole risk.

In no event shall eFXnews and its employees, officers, directors, agents, and licensors will be liable to you or any third party or anyone else for any decision made or action taken by you in your reliance on any strategy and/or advice included in any article and other information distributed in this service and published in this site.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD: Extra gains in the pipeline above 0.6520

AUD/USD: Extra gains in the pipeline above 0.6520

AUD/USD partially reversed Tuesday’s strong pullback and regained the 0.6500 barrier and beyond in response to the sharp post-FOMC pullback in the Greenback on Wednesday.

AUD/USD News

EUR/USD meets support around 1.0650

EUR/USD meets support around 1.0650

EUR/USD managed to surpass the key 1.0700 barrier in response to the intense retracement in the US Dollar in the wake of the Fed’s interest rate decision and Chair Powell’s press conference.

EUR/USD News

Gold prices skyrocketed as Powell’s words boosted the yellow metal

Gold prices skyrocketed as Powell’s words boosted the yellow metal

Gold prices rallied sharply above the $2,300 milestone on Wednesday after the Federal Reserve kept rates unchanged while announcing that it would diminish the pace of the balance sheet reduction. 

Gold News

Ethereum plunges outside key range briefly as US Dollar Index gains strength

Ethereum plunges outside key range briefly as US Dollar Index gains strength

Institutional whales appear to be dumping Ethereum after recent dip. Fed’s decision to leave rates unchanged appears to have helped ETH's price recover slightly. SEC Chair Gensler has misled Congress, considering recent revelations from Consensys suit, says Congressman McHenry.

Read more

The FOMC whipsaw and more Yen intervention in focus

The FOMC whipsaw and more Yen intervention in focus

Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.

Read more

Majors

Cryptocurrencies

Signatures