GBP/USD Clinches Highs Near 1.4470
After a brief adventure to lows in sub-1.4400 levels, GBP/USD has gathered further traction and is now testing daily highs in the 1.4465/70 band.
GBP/USD supported by 1.4370
Spot
is reverting four consecutive pullbacks at the beginning of the week,
regaining the 1.4400 handle and beyond after finding support around the
100-day sma near 1.4370 in early trade.
In the meantime, GBP
will remain under pressure following latest poll results signalling a
tighter gap between the ‘Stay’ and the ‘Leave’ vote in the UK referendum
on June 23.
GBP/USD levels to consider
As
of writing the pair is advancing 0.20% at 1.4459 facing the next hurdle
at 1.4770 (high May 3) ahead of 1.4815 (2016 high Jan.4) and finally
1.4836 (200-day sma). On the other hand, a breach of 1.4375 (low May 9)
would expose 1.4298 (low Apr.21) and then 1.4283 (55-day sma).
