EUR/USD, USD/JPY: Barclays is bearish on these two pairs

Barclays believes that the resistance level at 1.0985 should direct our attention to the downside.

"A move below 1.0775 would encourage our bearish view with 1.07 as an initial target. Below this threshold, we would aim for 1.0640 and then 1.0520.

Regarding the USD/JPY, we are bearish. We believe that the resistance level at 122.10 will attract bearish trades with 120/119.50 as a target", says Barclays.