Most action this week will take place in the UK, with the kingdom releasing inflation and employment figures, and the Scottish referendum on Thursday, which may delay any market reaction until then. In the meantime, poll results are the main mover of the pair, rising on a surge of the NO and falling with the YES leads.
Technically, the pair remains capped below the 38.2% retracement of its latest bearish run around 1.6280, with the weekly opening gap from earlier this month still unfilled: some steady gains above mentioned level therefore, should see price advancing up to 1.6320 price zone, while an acceleration above it may see the pair extending up to 1.6350, 50% retracement of the same rally.
The main support remains around 1.6190, next Fibonacci support, and it would take a break below it to favor a downward continuation towards 1.6140/50 price zone.
View Live Chart for GBP/USD
Technically, the pair remains capped below the 38.2% retracement of its latest bearish run around 1.6280, with the weekly opening gap from earlier this month still unfilled: some steady gains above mentioned level therefore, should see price advancing up to 1.6320 price zone, while an acceleration above it may see the pair extending up to 1.6350, 50% retracement of the same rally.
The main support remains around 1.6190, next Fibonacci support, and it would take a break below it to favor a downward continuation towards 1.6140/50 price zone.
View Live Chart for GBP/USD
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