OctaFX | OctaFX Forex Broker
Open trading account

Pound bid as Scottish poll turns against independence

FXStreet (Bali) - GBP has seen a spike higher across the board, being paid as high $1.6270, as the latest YouGov poll results shows 52% "No" to Scottish Independence, throwing cold water to those GBP bears that saw a narrow "Yes" lead over the past weekend.

As Valeri aBednarik, Chief Analyst at FXStreet, notes: "The last session ended being a consolidative one, with the pair steady in the 1.6220/50 area where it stands ahead of Asian opening."

Technically, Valeria said: "The hourly chart shows indicators lost their upward potential heading lower above their midlines with 20 SMA also losing bullish strength now flat. In the 4 hours chart indicators are turning lower well above their midlines, which at this point leaves little room for a continued slide. The 23.6% retracement of the same rally stands a 1.6190 offering immediate support and it will take a break below it to deny the possibility of more recoveries and see the pair back towards 1.6150 in the short term."

USD/JPY back above 107.00

Greenback is about to post the first daily close above 107.00 since September 19, 2008 against the yen. USD/JPY is headed toward the fourth daily gain in a row and keeps making multi-year highs.
Read more Previous

Scottish poll: 'No' back into the lead, first time since early August

Ahead of Sept 17 Scottish independence referendum, the No campaign is back into the lead, getting a 52% of 'No' votes vs 48% 'Yes".
Read more Next
Start livechat