|09-09-2014, 01:57 PM||#1|
Pairs consolidate while pound remains weak
Currently throughout the US session the major pairs along with the dollar and the yen are consolidating so far mainly on pure technical and correctional while that the pound remains weak after that it slipped to the weakest level since November versus the dollar as opinion polls highlighted the risk Scotland will vote for independence next week.
Now the euro is presently narrow trading on the four and one-hour charts as a result of the current technical movements sending in fact the EUR/USD pair to trade up around $1.2907 while recording the highest level of $1.2959 and lowest level of $1.2882, knowing that the pair may incline but slightly as mixed signs are seen throughout the four-hour and one-hour momentum indicators.
As for the British Pound, it is slightly plummeting driving the GBP/USD pair to trade around $1.6116 while recording the highest level of $1.6233 and lowest of $1.6103 and is most probably going to remain at consolidated levels as mixed signs; buying and selling, are also witnessed at several time scale within the stochastic oscialltor.
Finally, as a result of mixed signs and a weak dollar witnessed throughout the momentum indicators at different time charts the USD/JPY pair is falling slightly to trade around ¥105.86 while recording the highest level of ¥106.09 and lowest levels of ¥104.99.
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