|09-11-2014, 05:00 AM||#1|
Pairs consolidate after a strong pound
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 after that the pound jumped from the lowest level in 10 months after an opinion poll showed fading support for Scotland’s bid for independence from the U.K.
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 $1.2915 while recording the highest level of $1.2963 and lowest level of $1.28843, 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 $1.6210 while recording the highest level of $1.6230 and lowest of $1.6052 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 ¥106.83 while recording the highest level of ¥106.88 and lowest levels of ¥106.04
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