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18 Sept 2014 GBP/USD Analysis

Amandeep Sonewane | Sep. 18, 2014

GBPUSD, GBP/USD, Pound, Cable, U.K, Britain, Scotland Cable unable to close the daily candle above the price gap

GBPUSD, GBP/USD, Pound, Cable, U.K, Britain, Scotland Resistance at moving averages as Pound stays below 1.634

GBPUSD, GBP/USD, Pound, Cable, U.K, Britain, Scotland Higher lows to continue?

A day before the Scotland Independence votes, GBP/USD continues its rebound this week from 1.615 to 1.635, just about the region of the close of the market before the price gap down last week. Claimant count change in the U.K fell more than expected while unemployment rate fell to 6.2% did nothing to keep the bullish momentum on Cable as Scottish voters look to discourage fellow countrymen from voting for separation due to job security woes.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight uptrend
1.612
1.616
1.62
1.632
1.634
1.64
1.622
1.613
1.64

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