The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD and AUD/USD as provided by the technical strategy team at Barclays Capital (LONDON:BARC).
EUR/USD: No change. We are bearish against the 1.1470 range highs and look for a move below 1.1150 to confirm downside traction towards our targets towards 1.0815 and then 1.0660. Below 1.0660, we are looking for a move towards the 1.0460 year-to-date lows.
USD/JPY: We prefer to buy dips towards122.45, the recent range lows and look for support in the 122.00 area to underpin our overall bullish view. A move through 124.65 would signal higher towards our targets near 125.85 and then higher towards the 132.20 area.
GBP/USD: We are bullish in the short-term and look for a move higher towards targets in the 1.5680/1.5700 area. A move above the latter would point towards the 1.5815 highs.
AUD/USD: We prefer to fade upticks in range against the 0.8165 highs and look for a move lower towards targets near 0.7600 and then the 0.7530 year-to-date lows. Further out, we are targeting the 0.7100 area.