Barclays - Setups: #EURUSD #USDJPY #GBPUSD #AUDUSD #NZDUSD #USDCAD


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

EUR/USD:

  • Yesterday’s low close endorsed Friday’s topping candle and encourages our bearish view.
  • We are looking for a move lower towards nearby targets near 1.1090/60. 
  • It would take a move below 1.1060 to signal a deeper setback towards 1.0710.


USD/JPY:

  • We look for selling interest in the 115.05 to provide a cap for a move back in range. 
  • Our initial downside targets are in the 110.35/05 area. 
  • A move below there would encourage our bearish view towards greater targets near 106.00.


GBP/USD:

  • The move below initial support in the 1.4350 endorses our bearish view and signal further downside. 
  • Our targets are towards the 1.4150 area and then the 1.4080 lows.


AUD/USD:

  • We are overall bearish and would look to sell against the 0.7245 range highs
  • A move below initial targets near 0.7000 would signal lower towards our greater targets in the 0.6915 area.


NZD/USD: 

  • A move below support near 0.6560 would trigger a small topping pattern under the 0.6755 highs and encourage our bearish view towards targets near 0.6415 and then the 0.6345 lows.


USD/CAD: 

  • Friday’s engulfing candle warns of a short-term dip within range. 
  • We prefer to buy against the 1.3640 area and look for a move higher towards initial targets near 1.4105 and then 1.4170.
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