GBP/USD pulls back from highs as poll shows leave vote ahead

Ani Salama FXStreet

GBP/USD pulled back from daily highs as the pound continues to react to Brexit poll headlines, suggesting the leave vote remains ahead.

According to sources, the latest ICM/Guardian online poll showed the leave was leading with 49% vs 44% for the remain, while the phone poll showed the leave with 50% against 45% for the remain in the European Union.

With Brexit uncertainty weighing on the pound and the Federal Reserve meeting around the corner, the cautious tone prevails in financial markets.

GBP/USD levels to watch

In terms of technical levels, next resistances are seen at 1.4353 (100-day SMA), 1.4428 (50-day SMA), 1.4472 (Jun 10 high). On the flip side, supports could be found at 1.4178 (Jun 10 low), 1.4114 (Jun 13 low) and then 1.4089 (Apr 14 low).

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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