The British pound advanced against the U.S. dollar and Euro as Scottish vote “No” to the independence from United Kingdom. However Fed expectations to hike interest rates will favor the greenback over the cable.
As we can see on the Daily -chart, the pound dollar rallied to close above its SMA (20), to the upside, prices are expected to face resistance at $1.6600-$1.6615 from area. If the prices fail to break above this zone, it will provide a good setup to short the pair with first target at $1.6350. Otherwise, the GBP/USD could regain $1.6800 levels.
To follow the rest of the technical analysis and to know the next target of the Pound, Gold, Silver… and other currency pairs please subscribe to Capitol Academy Daily Newsletters on :
And start receiving buy and sell signals, also taking profit levels.
For more info please contact us at : email@example.com