USDJPY seems to be on steroids! 107.30's?? Guess the party will stop after the referendum (Scottish that is)

Cable Forecast for today:

Pivot: 1.622

Our preference: Short positions below 1.622 with targets @ 1.614 & 1.6105 in extension.

Alternative scenario: Above 1.622 look for further upside with 1.625 & 1.6275 as targets.

Comment: The pair stands below its resistance and remains under pressure.

Supports and resistances:
1.6275
1.625
1.622
1.618 Last
1.614
1.6105
1.608

GBP$ has finally closed the gap after rallying in NY session. Now I sit tight. So tempted to short gebby, but asia has been on USDJPY bid side for weeks now. But gebby above 174 will struggle to maintain uptrend.

Warning from my broker:
A referendum on whether Scotland should be an independent country will take place on Thursday 18 September.

The run-up to this historic vote has led to large increases in volatility on a wide range of markets including the FTSE and GBP/USD. While this volatility creates trading opportunities, we would urge all clients to monitor their exposure carefully. This is important due to the increased likelihood of large, and very sudden, price movements.

Polling closes at 10pm on Thursday 18 September and counting is expected to commence in all 32 local authority areas straight away. An official announcement is expected on Friday the 19th, once all 32 local counts have been verified by the Chief Counting Officer. However, it is very likely that regional centres will announce individual results during the early hours of Friday morning, increasing the likelihood of overnight volatility.
How to protect your positions
With the high chance of overnight volatility on a wide range of markets we offer, we would urge you to do at least one of the following:

• Monitor your positions closely overnight
• Place stops on any open positions to help reduce risk
• Deposit extra funds to account for the chance of an adverse move
• Consider reducing exposure to affected markets, or closing positions beforehand