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 re-establishing our bearish view against the recent highs near 1.0980. Resistance in the 1.1100 area is expected to help keep the overall focus lower. Initial targets are towards 1.0805 and then 1.0705. Our greater targets are towards the 1.0460 lows.
USD/JPY: Friday's recovery rally encourages our bullish view. We look for support in the 122.20 area to underpin a move through 123.75. Our initial targets are towards the 125.30/125.85 highs
GBP/USD: No change. We are bearish and look for selling interest near resistance in the 1.5200 area to cap upticks. Our downside targets are towards 1.4855 and then the 1.4565 year-to-date lows.
USD/CHF: We are turning bullish against support in the 0.9800 area and look for a move back within range towards targets near 1.0130, the 21-dma. A move above would point higher towards the 1.0330 highs.
AUD/USD: Friday's "doji" topping candle encourages our bearish view. We look for selling interest near 0.7440 to cap a move lower towards targets near 0.7170 and then 0.7070 ahead of the 0.7015 November lows.
