Cable gains ahead of Scottish Independence vote as initial estimates signal a majority disapproval.
Critical price resistance at 1.65, coincidentally the 200 moving average
1.64 cleanly broken bullish as Traditional MACD continues to show bullish trend.
Pound ditches the fears of the breakup of the United Kingdom and rose off 1.627 yesterday, breaking higher of 1.634 and subsquently 1.64. Supports see on the H4 and H1 moving averages bodes well for the pair to rise higher and should 1.65 resistance be broken, we are trading towards 1.664 which will signal the end of the retracement of the Pound against the greenback, above the 200 day average on the D1 charts.
Trend Direction |
S3 |
S2 |
S1 |
R1 |
R2 |
R3 |
Entry |
Stop Loss |
Exit |
| Bullish | 1.627 | 1.634 | 1.64 | 1.65 | 1.66 | 1.664 |