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#1 11-04-2016 08:12:19

johnedward
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From: Paris - France
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EUR/USD and USD/JPY: Forecast and short term targets for today

EUR/USD and USD/JPY: Forecast and short term targets for today (11 April 2016) according to Barclays bank


http://www.forex-central.net/forum/userimages/barclays.jpg


As it frequently does, Barclays has just announced its short-term forecast for the EUR/USD and USD/JPY for today -Monday, 11 April 2016:

EUR/USD: "Our decision to become bearish is frustrated by the lack of momentum during corrections. We await a daily close on the downside to signal a pusuit of the decline towards our initial target at 1.1270, the 21-day Moving Average, then down towards the bottom of the range at 1.1145."

USD/ JPY: "A break below support at 107.60 would encourage our bullish view, ahead of our next targets at 106.65 and 106.10."


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

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