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

Below, you will find Barclays bank's updated short-term technical forecasts for the EUR/USD and USD/JPY pairs for today Tuesday 15 September 2015:

EUR/USD: "We are bearish but we expect a rise in buying interests around the 1.1340 area. A close above this level would signal a greater than expected bullish squeeze, with an objective at 1.14 and possibly 1.1475 before the sellers regain control. On the downside, our initial target is at 1.1085."

USD/ JPY: "Our overall view is bullish. However, lack of bullish traction through resistance at 120.80/90 warns of a new horizontal phase. A close above 120.90 would reinforce our bullish belief, with targets at 121.75 and then 123.35. The first primary support level is at 118.65."