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Forex Flash: Additional USD gains likely - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman sees that fundamental and technical analysis suggest additional US dollar gains are likely.

His next target for the Euro is near $1.2880 and over the slightly longer-term, a return to the mid-November low near $1.2880 and over the slightly longer-term a return to the mid-November low near $1.2680. He adds that the caveat is more often than not in recent weeks, the euro moves in the opposite direction (NY close to NY close basis) on Monday than it did on the preceding Friday. Chandler writes, “We suspect the $1.3050-70 area should offer initial resistance.”

Forex Flash: GBP/USD holds bearish bias - Nomura

Nomura Strategist Saeed Amen has taken a look at GBP/USD from a purely technical perspective and believe it looks bearish ahead.
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Forex: EUR/JPY surrounds 125.00

Despite some moves below the opening price line to as low as 124.64 during the Asian session, the market has been holding above the flat line particularly since European time and mostly surrounding the 125.00 area while being capped by 125.17 high.
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