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Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays
EUR/USD: We are neutral given stretched daily studies and would prefer to fade upticks while resistance near 1.1620 caps. Initial downside targets would be towards 1.1250, the 21-dma. USD/JPY: Our bearish view would be encouraged by a break below support near 106.35. Our downside targets are towards 105.50 and then our targets are in the 105.35/105.20 area. Further out, we see room towards 100.70. GBP/USD: A move below support in the 1.4330 area would encourage our bearish view and signal a double-top under the 1.4770 highs. Our initial targets are towards the 1.4090 area. A move below there would signal downside ... (full story)
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- dancingphil
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- acidguy
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