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Barclays is bearish on GBP/USD.

The technical strategy team at Barclays Capital provided technical setups for major currency pairs. The analysts are bearish on GBP/USD currency pair. “We look for a break below our initial downside targets near 1.4050 to confirm downside traction towards support near 1.3980 and then our next targets in the 1.3835 area, the year-to-date lows” written […]

USD/JPY will decline to 100 according to Barclays.

The dovish comments from Fed last week would continue to make downward pressure on US dollar in near term according to the analysts at Barclays. “We continue to expect USDJPY to decline toward 100 in the quarters ahead,” said in the report. As of 4:52 PM EDT the pair was trading at 111.96, which is […]

Barclays provided bearish targets on USD/JPY.

The technical strategy team at Barclays Capital provided technical setups for major currencies. The analysts provided bearish outlook on USD/JPY, mentioning their plans for selling interest near the 114.90 range highs to cap a move lower. A break below the support level of 112.15 would indicate downside towards targets near 110.95. A drop below 110.95 […]

Bearish forecast on GBP/USD from Barclays.

Barclays analysts are bearish on GBP/USD, noting that they will use the slight increase as an opportunity to sell at better rate. According to the analysts a break below the support level of 1.3835 will move the rate down towards 1.3500 levels, which is near the 2009 lows. The currency pair finished at 1.4227, up […]

USD/JPY target of 100 from Barclays.

Barclays provided a target of 100 for USD/JPY currency pair in a medium-term. “Perceived policy limits on some major central banks including the BoJ led the market to shift its focus to fiscal stimulus going into the G20. However, fundamental improvement, particularly in the US and China, will likely be needed to provide any material […]

USD/CAD bearish view from Barclays.

Barclays Capital provided technical setups for several currency pairs on March 4. The analysts expect the USD/CAD to decline to 1.3230 if it manages to fall below the their initial downside target of 1.3460. The pair closed at 1.3315 on Friday, 0.64% below the previous close.

Bearish target on EUR/USD from Barclays.

Barclays analysts turned even more bearish on EUR/USD after a break below the support level of 1.1060. As noted in the report their view will be strengthened if the rate drops below 1.0710. Barclays have targets of 1.0460 and then 1.0215. EUR/USD closed at 1.1005 on Friday, representing a 0.53% increase from the previous close.

Barclays expectations on USD for the next weeks.

According to Barclays analysts the wage increase and inflation data releases supported the US dollar. Analysts are generally neutral on USD not expecting any meaningful move, however they believe that it can slightly appreciate during next weeks. US dollar strengthened against EUR and GBP this week. It rose by 3.5% and 1.3% against GBP and […]
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