The GBPUSD ended last week in the middle of the chart gap from the September 5th to 8th weekend. You remember, that was the weekend when the polls showed Scotland was moving toward a “Yes” vote and soon led to lows for the move down at the 1.6050 level.
The overall bias currently is more negative after falling below the 100 and 200 hour MA last week, but if the buyers can hold the bottom “gap level” and move back above the upper boundary from the gap, the buyers may start to exert more control.
In the following video, I preview of the key trading levels to watch on Monday. They may help dictate the bias for the pair in trading this week.
