EUR/USD, USD/JPY, GBP/USD, AUD/USD: Barclays' technical objectives

Barclays Capital's objectives:

EUR/ USD: We prefer to sell rebounds towards 1.08 and wait for a move below 1.052 to confirm the decline towards targets such as 1.0460 and 1.0390.

USD/JPY: The movement below our initial downside target near 119 signals a new target, at 118.70 and maybe even 118.30. Price would have to go back above 120.85 to encourage us to re-initiate a bullish position with 121.20 in sight and then 122.05.

GBP/ USD: Rallies offer better selling opportunities within this context of a broad downtrend. We prefer to sell the rebound and expect a move towards 1.45.

AUD/ USD: We remain bearish and expect another attempt below our initial target of 0.7530 to pave the way for our other targets close to 0.75/0.7450 and then 0.71.