capitalpropertiesfx

GBPUSD ahead of the Scottish Independence vote

FX:GBPUSD   British Pound / U.S. Dollar
63 2 0
18th September is the "judgement day" for Pound. If Scotland votes "yes" Pound will suffer quite a lot and if the out come is "No" then we should see a rapid recover in the exchange rate.

Given the fact that the referendum is extremely high risk event for Pound, I would not be suprised to see one of those targets to be reached (allmost) next week.

Time will tell.
I agree, but how does that pan out from a trade perspective? Could be volatile and risky....
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No doubt - trading Pound this week is very risky.
This weekly chart is not for trading - it is the bigger picture to keep in mind. For trade setups one should look for clues on lower time frames.
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