Barclays trades for week ahead: Short EUR/JPY and long USD/CHF

We expect the EUR to come under pressure in the coming week as the Greek political uncertainty escalates further and like staying short EURJPY. We also like being selectively short CHF given our expectations that it will likely underperform higher-quality safe-haven currencies such as the USD. More broadly, USDCHF appreciation should be supported by a strong US employment report later in the week as well. Technically, we are bullish USDCHF and would look to buy against support near 0.9070.  Closing the week above the 0.9280 area confirms a bullish engulfing candle and signals further upside in range.  Our bullish conviction would be further encouraged by a move through initial upside targets near 0.9545. Beyond there we are looking for gains towards the 0.9865/0.9905 area and then higher towards greater targets near the 1.0130 reaction high

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