TenkoFX - Analytics


    419.75 7.25/10
    68% of positive reviews

    GBP/USD recovers from below 1.4100

    GBP/USD managed to regain the 1.4100 level after briefly falling below following a TNS poll that showed the lead for the leave the EU camp was widening to  47% over 40% to stay.GBP/USD dropped sharply and bottomed out at 1.4089 on the back of the news, roughly at the same level it did two months ago, but it has managed to take back some of the losses over the last hours. At time of writing, the pair is trading at 1.4135, still 0.9% down on the day.With only nine days until the EU referendum, polls continue to show the leave vote leading. Fears of a Brexit and its repercussions on other economies have been weighing on sentiment.GBP/USD levels to watchIn terms of technical levels, immediate supports are seen at 1.4089 (Jun 14 & Apr 14 low), and 1.4040 (Apr 8 low). On the other hand, next resistances could be faced at 1.4265 (Jun 14 high), 1.4350 (100-day SMA) and 1.4428 (50-day SMA).

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree