02 SEP 2013 15:47 EDT
By eFXnews.com
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0
The following are the latest technical outlooks and strategies for
EUR/USD, GBP/USD, USD/JPY and AUD/USD as provided by the technical
strategy team at Barclays Capital.
EUR/USD: The market pushed below 1.3200, signalling a return to 1.3140, and then the 1.3100 area. The 200- day average is at 1.3145, and a close below this would add to bearish confidence. Intraday resistance is at 1.3260.
USD/JPY: The break above the trendline resistance zone near 98.85/90 ushers in a bid for a return to 100.00/100.90 before a pullback can occur. Bigger picture, support is at 95.80 (narrowing range lows), and our medium-term focus is the 105 area.
GBP/USD: Having come within striking distance of our 1.5420 target, we are now neutral. The range is likely between 1.5600 and 1.5425, and we would look to sell once again, closer to the range highs.
AUD/USD: A small bounce is unfolding, and we are changing our view in the short term. The risk is for a probe into the 0.9040/60 area, where we would look for topping signs. Medium term, our view remains for an overthrow of the 2013 lows near 0.8850 and a return to 0.8530.
EUR/USD: The market pushed below 1.3200, signalling a return to 1.3140, and then the 1.3100 area. The 200- day average is at 1.3145, and a close below this would add to bearish confidence. Intraday resistance is at 1.3260.
USD/JPY: The break above the trendline resistance zone near 98.85/90 ushers in a bid for a return to 100.00/100.90 before a pullback can occur. Bigger picture, support is at 95.80 (narrowing range lows), and our medium-term focus is the 105 area.
GBP/USD: Having come within striking distance of our 1.5420 target, we are now neutral. The range is likely between 1.5600 and 1.5425, and we would look to sell once again, closer to the range highs.
AUD/USD: A small bounce is unfolding, and we are changing our view in the short term. The risk is for a probe into the 0.9040/60 area, where we would look for topping signs. Medium term, our view remains for an overthrow of the 2013 lows near 0.8850 and a return to 0.8530.
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