EUR/USD to dive towards 1.08, GBP/USD to test November 2020 low near 1.2855 – BBH

Global turmoil benefits the greenback. Economists at BBH expect the EUR/USD pair to test lows near 1.08 while the cable is likely to fall toward the November 2020 low near 1.2855.

USD/JPY on track to test the June 2015 high near 125.85

“USD/JPY traded above 125 for the first time since August 2015 and is on track to test the June 2015 high near 125.85. After that, there are no significant chart points until the January 2002 high near 135.15.”

“The euro remains heavy just below 1.10 and we still expect an eventual test of this month’s cycle low near 1.08.” 

“Sterling is trading heavy after being unable to sustain a move above 1.32 last week. We look for an eventual test of this month’s new cycle low near 1.30 and then the November 2020 low near 1.2855.”