![Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB](https://c.mql5.com/6/715/splash-661337.png)
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
![Vasilii Apostolidi Vasilii Apostolidi](https://c.mql5.com/avatar/2016/2/56C08F4E-3736.png)
EUR/USD: Neutral: Daily closing below 1.0990 would shift outlook to bearish.
While EUR touched a low of 1.0955, it rebounded quickly to close almost unchanged for the day. As highlighted in recent updates, despite the generally negative undertone, we prefer to wait for a daily closing below 1.0990 before turning bearish.
From here, a move back above 1.1085 is enough to suggest that the short-term downward pressure has eased.
GBP/USD: Bearish: Extension to 1.3800 not ruled out but odds are not high.
While the outlook is still bearish, severely oversold conditions coupled with early signs of momentum slowing down suggests low odds of extension lower to the next support at 1.3800.
That said, confirmation that the bearish phase has ended is only upon a move back above 1.4075 (adjusted from 1.4170).
AUD/USD: Bullish: Immediate target at 0.7325/30.
While the pull-back from the recent high of 0.7259 has been deeper than expected, the stop-loss for our bullish AUD view is still intact at 0.7130.
As long as this level is not taken out, we continue to expect a move to 0.7325/30 even though 0.7259 is acting as a very strong resistance now and this level will not be easy to crack.
NZD/USD: Neutral: In a broad 0.6560/0.6750 range.
There is no change to the neutral view and we continue to expect NZD to trade between 0.6560 and 0.6750 in the coming days.
USD/JPY: Neutral: Daily closing below 112.00 would shift outlook to bearish.
While USD touched a low of 111.04 yesterday, it rebounded strongly to close above 112.00. The undertone is clearly negative but we are not convinced that the current price action is the start of a sustained down-move unless there is a daily closing below 112.00.
That said, this pair is expected to remain under pressure unless it can reclaim the strong 113.00 resistance.
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