GBP/USD Forecast September 16, 2014, Technical Analysis

The GBP/USD pair fell slightly during the session on Monday, as the gap continues to push the market a little bit lower. However, if we can get above the 1.63 level, we feel that this market will shoot towards the 1.65 handle. With that being the case, on a move above there we are more than willing to start buying, just as we would be buying supportive candles below. The Scottish Independence Vote is of course giving us a bit of concern as far as the British pound is concerned, but in the end if the Scots decide Tuesday, this market will go very high very quickly.

 

GBP/USD Forecast September 16, 2014, Technical Analysis