JPY weakness continues to dominate trading into the end of the week. Important levels are being tested and we are monitoring the weekly cloud top in USD/JPY at 80.82, as a close above here would signal further material weakness for JPY in the weeks ahead. Elsewhere EUR/USD and EUR/GBP are approaching their 200-day averages and we expect selling interest near there to provide a cap to the recent profit taking rally. A key bearish day in USD/INR has stalled the underlying up-trend and warns of profit taking.
Click here to read the full report: Technical Research
Barclays Capital