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- GBP/USD to tank towards September 2020 low near 1.2675 on a drop below 1.30 – BBH
GBP/USD to tank towards September 2020 low near 1.2675 on a drop below 1.30 – BBH
The dollar remains firm. Economists at BBH expect the EUR/USD pair to test the March 7 low near 1.0805 while GBP/USD could tackle the September 2020 low near 1.2675 on a drop below 1.30.
USD/JPY set to test last week’s high near 125.10
“The euro remains heavy. A test of the March 7 low near 1.0805 is still in the cards.”
“The relentless rise in USD/JPY continues as it is up for the sixth straight day. We look for a test soon of last week’s high near 125.10.”
“GBP/USD should break below last month’s cycle low near 1.30, which would set up a test of the November 2020 low near 1.2855 and then possibly the September 2020 low near 1.2675.”
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