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#1 15-05-2015 08:23:48

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2592

EUR/USD, USD/JPY, GBP/USD, NZD/USD: short and medium-term objectives

EUR/USD, USD/JPY, GBP/USD, NZD/USD: Barclay's short and medium-term objectives

EUR/USD: We were wrong to think that 1.14 would prevent the pair from climbing higher. The poor performance of German bonds enables the squeeze on euro shorts continue. We think there is a risk that the pair will climb up towards 1.1535 / 1.1585 before the interest of sellers resurfaces.

USD/JPY: We are bullish and we will buy dips around 118.15 / 30. Our goal is to rise up to 120.0 and 120.80. A move above 120.85 would pave the way for 112.05.

GBP/ USD: No change. The close above 1.5620 encourages traders to remain bullish. Our objective is 1.5830. The previous consolidation range high of 1555 is attractive to buy dips.

NZD/ USD: Wednesday's reversal signals a pull-back within the range. We prefer to play against any rebounds until a new low surfaces towards 0.7175.

"Anything worth having is worth going for - all the way." - J.R. Ewing



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