Technicals and strategies for EUR/USD, GBP/USD, USD/JPY and AUD/USD- with thanks to Barclays:
EUR/USD:
- Cautious of the squeeze higher in EUR/USD
- Stretched daily studies
- Looking for signs of a top on approach to the range highs near 1.3740
- Break above 1.3740 is needed to throw in the towel, suggests a move toward the 1.3895 highs
USD/JPY:
- Support near 101.30 is providing interim buying interest
- Don’t rule out a squeeze lower toward the 100.75 lows where we would look for a base
- Intraday resistance is at 102.25
GBP/USD:
- A close above 1.6750 would signal a run toward 1.6880 and then the 2009 peak at 1.7045 where we expect sellers to emerge
- Cable benefiting from USD weakness
AUD/USD:
- Barclays prefer to fade upticks against resistance in the 0.9080/0.9100 area
- Looking for a move lower toward targets near 0.8825 and then the 0.8655 lows
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Thanks to Barclays once again, and I’m sure they would agree DYOR!
