EUR/USD, USD/JPY, GBP/USD, and AUD/USD analysis from Barclays:
EUR/USD: Monday's failed rally attempt encourages our bearish view. Our initial downside targets are towards 1.1105 and then 1.1085. Below 1.1085 would confirm downside traction towards the 1.1000/20 area and further out towards 1.0810.
USD/JPY: Yesterday's higher close endorses the prior basing candle and our bullish view. We are looking for a move above resistance in the 121.30 area to open our initial targets near 121.75. Beyond there, we are looking for a move higher towards the 123.35 area.
GBP/USD: We are bullish and look for a move higher in range towards targets in the 1.5385 area. Support near 1.5085 provides buying interest on dips.
AUD/USD: A move above our initial bullish targets in the 0.7150 area would signal a squeeze towards 0.7205. Overall we are still bearish against the 0.7280 range highs and look for a move lower towards the 0.6895 year-to-date lows. Further out we are targeting the 0.6770 area.
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