The Dow jones (US 30) continues to rebound
The Dow jones (US 30) gained further traction to complete a full turnaround as prices remain bullish. The index is still trying to preserve its strength after hitting another fresh high, which saw the 43000 level tested. 42500 is the latest support, and 43200 is a key hurdle ahead, and its breach could pave the way for a sustained recovery back towards 43600.
USDJPY slowly recovering
The Japanese Yen conceded more ground to the dollar as the rally continued. The round number 145.00 is the immediate resistance, and further up 146.10 from the previous spike is the next target. As the Yen continues to be outweighed across the board, a revival to the downside seems unlikely for now. 144.00 is the first support should buyers begin to take profit, and 142.50 is an important floor.
EURGBP spikes higher
The euro continued to outperform against its main rival after a 100 pip jump in price action. This suggests that bulls have been eager to buy into strength after the single currency pushed above the daily support of 0.8450. The next target is at 0.8500 as the pair looks for more monthly highs. Otherwise, a fall below 0.8400 would trigger a new round of sell-off and send the pair towards the previous low around 0.8360.
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