![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/6/717/splash-662106.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: Change to Neutral: Bearish phase ended quickly. Bullish only if daily close above 1.1005/10.
When we turned bearish on Monday (29 Feb), we had a ‘modest’ downside target of 1.0810. The low has been 1.0823 and the subsequent strong rebound from the low took out the stop-loss at 1.0965.
The outlook is neutral for now but upward momentum is building up and a daily closing above 1.1005/10 would be a strong indication that we are going to see a higher EUR in the coming weeks. In the meanwhile, this pair is expected to be underpinned with support 1.0900 followed by the solid level of 1.0810.
GBP/USD: Neutral: Corrective rebound has scope to extend higher to 1.4230.
The outlook for GBP just turned neutral yesterday and the current movement is viewed as a corrective rebound that has scope to extend higher to 1.4230. The high has been 1.4194 yesterday and strong short-term momentum continues to suggest a higher GBP in the next few days (though may not be sustained).
Support is at 1.4080 but only move back below 1.4000 would indicate that a short-term top is in place. On the upside, the next resistance above 1.4230 is at 1.4300.
NZD/USD: Neutral: 0.6600/0.6775 range for now.
While the undertone for this pair is positive, we prefer to wait for a clear break above the 0.6775 high seen last week before turning bullish.
This appears to be a likely scenario unless NZD moves back below 0.6630 in the next 1 to 2 days. 0.6675 is already a strong support.
AUD/USD: Bullish: Clear break above key 0.7385 resistance is expected to lead to acceleration higher.
AUD just entered a bullish phase yesterday and the rally is quickly approaching the very key level of 0.7385. A clear break above this level is expected to lead to acceleration higher towards 0.7440 and beyond in the days ahead.
Strong support is at 0.7290 but only a move back below 0.7220 would indicate that a short-term top is in place.
USD/JPY: Neutral: In a broad 112.50/114.55 range now.
There is not much to add as USD moved briefly above the top end of our expected 111.00/114.50 range yesterday (high of 114.55).
We remain neutral for now but from here, a clear break out of an expected 112.50/114.50 sideway trading range would indicate the start of a directional move.
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