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GBP/USD extends move above 1.30
The fall in the dollar so far today has seen the USD index (USDX) fall back further, below 103.75 and that move has been delivered by gains in the Yen, Euro and the Pound. The rise above 1.30 in the GBP/USD has now extended close to a previous high point seen last year at around 1.3045 and that is the first point of any potential resistance. As noted here earlier, beyond that lies the high seen last year, at around 1.3115. The high seen so far this morning in the Pound has just been set at 1.3042, so we shall see, if that is a level from which a correction back towards the 1.30 handle again unfolds, or not. The GBP/USD is currently trading at 1.3040
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Another technical look at the S+P 500 with big earnings due this week
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