FxWirePro: GBP/USD consolidating around 1.4571,bias is neutral
GBP/USD rose towards higher levels on Tuesday as sterling extended its gains against weaker dollar after a pair of polls gave a narrow lead to the "Remain" camp ahead of the June 23 referendum on Britain's European Union…
GBP/USD rose towards higher levels on Tuesday as sterling extended its gains against weaker dollar after a pair of polls gave a narrow lead to the "Remain" camp ahead of the June 23 referendum on Britain's European Union membership.
The pair rose in quick succession towards higher levels after the two polls overnight have lent support to the pound early in today’s European session.
Currently the cable is trading around 1.4571 levels, it is set to advance further towards 1.4600 later towards 1.4650 levels in the short term.
To the upside, the strong resistance can be seen at 1.4661, a break above this level would expose to cable to next resistance level at 1.4700.
To the downside immediate support can be seen at 1.4538, a break below will open the door towards next level at 1.4493.
