27/08/2013
Here You can find latest technical outlooks and strategies for EUR/USD, GBP/USD, USD/JPY and AUD/USD with charts as provided by the technical strategy team at Barclays Capital.
EUR/USD:An Inside day posted yesterday keeps our view unchanged. We maintain a bearish view targeting 1.3300/10 initially, and then the 1.3200/20 area. Sell rallies while 1.3420 caps on a closing basis.
GBP/USD: We are bearish, looking for a return to 1.5420 and potentially 1.5350. A move back above 1.5670 would turn us neutral instead while wider range highs near 1.5750/75 act as medium-term caps.
USD/JPY: Having failed to move above trendline resistance at 99.15, we now expect a deeper pullback within range, towards 97.00/05. However, thereafter, a 97 to 99.20 range is likely to persist into Sep and we would look to buy near the range low. Bigger picture, targets are to 103.80 and the 108 area.
AUD/USD: Near term, support at 0.8930 is under pressure. A break below this level would warn of a move to the 2013 low near 0.8850 which should hold firm on initial attempts. Bearish pressure remains in the absence of a move above 0.9040.
