GBP/USD to tumble towards May 2020 low near 1.2075 – BBH

GBP/USD has been unable to break above 1.26. Analysts at BBH still target the June 2020 low near 1.2250 and then the May 2020 low near 1.2075.

Drop below 1.2075 to open up March 2020 low near 1.1410

“Cable traded last week at the lowest since July 2020 near 1.2410 and we continue to target the June 2020 low near 1.2250 and the May 2020 low near 1.2075.” 

“If the 1.2075 level breaks, then we would target the March 2020 low near 1.1410.”