EUR/USD: The break below 1.3575 has encouraged us to turn bearish particularly given the surge in daily volume. We are looking for a move lower toward the range low at 1.3500.
USD/JPY: No Change. Upticks are expected to find selling interest in the 102.00 area where we would reappraise our short-term long position. Bigger picture, a break below 101.00 would likely turn attention to range lows for the year near 100.75/80.
GBP/USD: We were wrong to turn short following the close below support at 1.7100. We are neutral for the time being as USD outperformance means that ay upside in GBP/USD is likely to be choppy in the short term. We would prefer to buy dips in GBP/USD against 1.7000 area or a close above 1.7180 Our greater view remains bullish to the 1.7340 area.
AUD/USD: Downside pressure is growing. However, we are staying neutral in the short term while support in the 0.320 underpins. An unexpected move below there would signal further downside squeeze towards stronger support near 0.9200, which we expect to underpin our greater bullish view towards the 0.9505/25 area initially.
Barclays