Market sold off heavily last week but found support at 1.6280, a key support zone. A pin bar was formed rejecting that area on Friday.
The near term trend is bearish. I will be looking for a counter trend trade next week and go long before looking for shorting opportunities near resistance zone around 1.6460.
I had the same idea. But the latest poll on the Scottish referendum looks even worse
This weekend’s YouGov Plc survey for the Sunday Times showed “Yes” voters increased to 51 percent, while the “No” side dropped to 49 percent, when undecided respondents were excluded. A separate poll, published by Panelbase, showed the independence campaign still needed to overcome a four-point deficit to triumph. Scotland votes on Sept. 18.
Yes, the political risk there is high now. Probably have to stay sideline for this pair until after the referendum. Chart reading may means nothing here. Huge gap down this morning here. Trading this pair now is like gambling.
This weekend’s YouGov Plc survey for the Sunday Times showed “Yes” voters increased to 51 percent, while the “No” side dropped to 49 percent, when undecided respondents were excluded. A separate poll, published by Panelbase, showed the independence campaign still needed to overcome a four-point deficit to triumph. Scotland votes on Sept. 18.
bloomberg.com/news/2014-09-07/pound-in-peril-as-opinion-poll-puts-scottish-separatists-ahead.html