I don't normally trade British Pound because I find it tricky most of the times but what I see here (B6U) is a clear bull trend with consistent frequency of patterns. The recent flag which have formed between the 20MA and the bull median line gives a good entry point and risk/reward ration. The final target will be in 1.7500 in Sept 2014. Then Scottish referendum could create some mess or even push the pound higher! I see this trade related to the UK stock market (FTSE100) which is currently trying to brake major resistance.
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Puond drifting lower and preparing for next next move up (1.75)