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GBP/USD Forecast September 19, 2014
 
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Fundamental Analysis

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.

Technical Analysis



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.

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