Pound got a lift against the greenback, approaching 1.6345, 50% retracement of this month early side on the back of positive UK employment figures above expected, with annual wages rising 0.6% and unemployment rate down to 6.2%. BOE Minutes show no change with again two members voting for a rate hike and 7 on hold, albeit overall hawkish.
The GBP/USD however, pulled back to current 1.6300 area, as market players await for Scottish referendum result. Technically, the 4 hours chart shows price holding above the 38.2% retracement of the same rally at 1.6280 immediate support, with indicators maintaining the bullish bias above their midlines. 20 SMA in the same time frame stand flat around 1.2440, next support in case the first gives up.
Ahead of FED meeting later in the US afternoon, the pair has little chances to move too far away from current levels. With the news however, a more interesting reaction could be expected, with a break above 1.6350 favoring an approach to the 1.6400/20 price zone.
View Live Chart for GBP/USD
The GBP/USD however, pulled back to current 1.6300 area, as market players await for Scottish referendum result. Technically, the 4 hours chart shows price holding above the 38.2% retracement of the same rally at 1.6280 immediate support, with indicators maintaining the bullish bias above their midlines. 20 SMA in the same time frame stand flat around 1.2440, next support in case the first gives up.
Ahead of FED meeting later in the US afternoon, the pair has little chances to move too far away from current levels. With the news however, a more interesting reaction could be expected, with a break above 1.6350 favoring an approach to the 1.6400/20 price zone.
View Live Chart for GBP/USD
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