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GBP/USD attempts to continue its recovering

FXStreet (San Francisco) - Following a 50-pips retrace from 1.6270, the GBP/USD finally found a support at 1.6210 where the pair bounced to trade back at 1.6240.

The Sterling is advancing for third day versus the US Dollar; however the pair hasn't been able to fill the Monday's gap at 1.6300. Currently, GBP/USD is trading at 1.6237, up 0.16% on the day, having posted a daily high at 1.6272 and low at 1.6186.

The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is neutral.

GBP/USD sentiment

Pound continues pricing in the No vote in Scotland as polls now suggest the NO will win next week. Following three positive days and around 200 pips of gains from 1.6050, the GBP/USD will face next resistances at 1.6270, 1.6290 and 1.6330.

On the downside, supports are at 1.6215, 1.6150 and 1.6050.

EUR/USD finds resistance at 1.2950

The euro is trading slightly higher for the day against Greenback but remains below yesterday’s highs. EUR/USD fell momentarily below 1.2900 during the European session but bounced quickly back above.
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AUD/USD completes 300 pips decline to price sub 0.9100 levels

The Aussie is currently trading at lows since March 24 around 0.9085 versus the US Dollar as the pair is collapsing for fourth day in a row and performing 300 pips down from September 5 highs at 0.9400.
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