Coming back to the resistance at GBp 266 may stimulate price's relapse toward the support.

Fundamentals about Barclays remain extremely volatile. The company is worth 16 times estimated earnings, this valuation level of the group isn't justified. The company's market capitalization discounted of liabilities represents almost 1.71 times its sales, which is part of worst odds. Analysts revised downwards the EPS estimates of the group and it announces important falls to come in terms of profitability and a slowdown in their activity.

Technically, Barclays failed again to breakout the GBp 266 resistance despite many tests since the beginning of the year. Moreover, this area correspond to the weekly resistance which has not been broke out for months. In this case we can anticipate a downward movement coming towards the GBp 242.6 which is the lower band of the recent trading range.

Most active investors could open short positions on Barclays close to GBp 266. The target being set at GBp 242.6, or a potential gain of 7%. A stop loss could be placed at GBp 270.8.