GBPUSD Overview

Hello Price Action Traders.

GBP/USD

The Cable is greatly affected by the Scottish Referendum this week and many pairs have opened with a huge gap. The GBP/USD found support at the 1.60500 level forming a long engulfing white candle. It seems like the pair is trying to fill the gap. The Pound/Dollar needs to rise to 1.6328 in order to fill it, so resistance could be found in that area.

 

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