Summer has brought a big dollar drop against the majors. It might be a consequence of a reduced liquidity and some sort of market making by big players. Yet reasons to be guessed. The advance in majors has reached ceiling and big resistance areas. Some sort of consolidation and pull back to be expected in the coming month. I would call for GBP drop to 1.27 and EUR to 1.15 against USD in the next two weeks.
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