GBP/USD pair declined sharply as fresh sell off resumed on Monday as investors were still worried that looming June referendum could see Britons vote to leave the European Union. Currently the pair is trading around 1.44…
GBP/USD pair declined sharply as fresh sell off resumed on Monday as investors were still worried that looming June referendum could see Britons vote to leave the European Union.
Currently the pair is trading around 1.4472 levels , it is set to decline further towards 1.4400 and later 1.4350 level.
To the upside, the strong resistance can be seen at 1.4494, a break above this level would expose the cable to next resistance level at 1.4533 levels.
To the downside strong support can be seen at 1.4456, a break below at this level will open the door towards next level at 1.4409.
