GBP/USD below 1.6500, but not all is lost for bulls


FXStreet (Moscow) - GBP/USD has reached new high at 1.6525 and retreated to 1.6490 so far, but this is not a limit, as upside momentum is gaining traction with each NO vote from Scotts.

Scotts chase GBP higher

GBP/USD has gained more than 250 in two days (and this is not a limit). No it seems that Better Together campaign had produced the intended impact on Scottish people as they voted against independence. While there are regions that have not announced the results yet, unionists are obviously leading, though only by a margin. The bullish sentiments could prevail for the rest of the day. From the technical point of view, the nearest resistance is seen at 1.6545. The bulls need to take it out to proceed towards 1.6600. The nearest support is spotted at 1.6500. It is followed by medium demand at 1.6460.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6351, with support below at 1.6293, 1.6188 and 1.6130 with resistance above at 1.6514, and 1.6619. Hourly Moving Averages are bearish, with the 200SMA bullish at 1.6229, and the daily 20EMA bearish at 1.6389. Hourly RSI is bullish at 73.

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