September 23, 2014
Finally the Pound shows recovery potential after Scotland’s referendum, the rate has managed to close the gap down and now is trading around 1,6370. This pair found important support at 1,6051, in that area we have the 50% retracement level and also the Weekly support line. You can see on the Weekly chart that the ascending movement is still intact, I’m waiting to see the price above 1,6422 to go long again on this pair.
By Olimpiu Tuns – Owner of http://ovtbusiness.com/en/
