The GBP/USD pair extended its gain on Wednesday to hit high at 1.4730, maintaining the positive tone all the day long as a poll ahead of Britain's European Union membership referendum gave a six-point lead to the "In" ca…
The GBP/USD pair extended its gain on Wednesday to hit high at 1.4730, maintaining the positive tone all the day long as a poll ahead of Britain's European Union membership referendum gave a six-point lead to the "In" camp, and as several bookmakers widened the odds on a Brexit.
The pair is all set to move in quick succession towards 1.4800 levels in the near term, as the concerns over Brexit is quickly fading.
To the upside, the strong resistance can be seen at 1.4809, a break above this level would expose to cable to next resistance level at 1.4900.
To the downside strong support can be seen at 1.4654, a break below at this level will open the door towards next level at 1.4578.
