EUR/USD and USD/JPY: Barclays' short and medium-term forecast for the 2 main forex pairs

Below, you will find Barclays bank's latest short-term technical forecasts for the EUR/USD and USD/JPY pairs for today Wednesday, 2 September 2015:

EUR/USD: "We are bearish and we are aiming to sell in the event the pair rises to 1.1430. Monthly and weekly candlesticks point to a resumption of the decline. Our initial targets are in the 1.1000/1.1020 area."

USD/ JPY: "Monthly and weekly candlesticks help us maintain our overall bullish view. But we prefer to buy in case of dips near support at 119. Our initial upward target is located at 123.35."