Pound continues pricing in a 'no' vote in Scotland - FXStreet

FXStreet (Łódź) - As FXStreet Chief Analyst Valeria Bednarik suggests, the reports of the scales having turned in favor of a 'no' vote in the Scottish independence referendum caused the GBP/USD to rise, reaching 1.6270 so far today.

Key quotes

"The 1 hour chart shows price well above a bullish 20 SMA, with momentum heading higher above 100 and RSI retracing some from overbought territory."

"In the 4 hours chart technical readings are biased higher, with a break above 1.6280, mentioned Fibonacci resistance, favoring a quick run towards 1.6320 price zone, where it will finally fill the weekly opening gap."