Fears of Brexit have diminished at least for the time being, as latest polls suggest that pro EU option leads by 10 % (55 % vs 45 %).
Additionally, very good data for Average Earnings Index and Claimant Count Change has spurred additional bullish momentum, where the GBP/USD reached 1.4660 resistance.
Technically we can see rising MACD, and confluence within first POC that is at 1.4600 zone (pennant breakout , 23.6, round number). Traders should watch for a possible bounce at the zone.
POC2 is 1.4520-35 zone where we see a confluence - DPP, L3, 50. Below is a strong support at 1.4500 with 61.8 and EMA89. If we see another rejection target should be 1.4660, and only on 1H momentum break or 4H candle close above H4 cam pivot 1.4725 could we see 1.4830.
1.4500 should stay firm, else the pair is back in a range with a downtrend potential.
