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Dow Jones lifts from lower opening as Dollar falls harder-Check out the GBP/USD now
The Dow Jones has just reopened and it has pushed higher in early trading, but the day is yet young and of course that early rise might change. Besides it opened lower and it is still in the red as I write. Against that backdrop, the dollar has weakened further and of course the Dow Jones likes the backdrop of a weaker dollar. The EUR/USD has now pushed above its 200 day moving average and the GBP/USD is well above its 21 day moving average and pressing closer to the next technical level, now at 1.2679. That is where the 50 day moving average is in place on that pair now. Meantime, the USD/JPY has done as envisaged and busted further below the 150 handle. The USD/JPY is now pressing towards 149.75. The GBP/USD is just now trading at 1.2654
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