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GBP/USD nudges above technical resistance levels

The Pound is performing pretty well this morning and just now it lifted above a couple of noted potential resistance levels, in place at 1.2665 and 1.2670. The upper one of those is the 100 day moving average and the Pound has just now taken that out. The gains come as the dollar continues to leak a little lower and the USD/JPY once again slips back from an earlier move to 151.94. That high matched the high seen yesterday and it has been rejected again so far today. That move has also helped the Pound extend gains, as the USD Index (USDX) edges back towards the 104 handle again. The GBP/USD is currently trading at 1.2677

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