The British Pound sold off heavily across the board overnight as a poll revealed the no camp to be in control, reminding traders to no be too complacent of remaining in the EU. Matt Simpson, Senior Market Analyst at ThinkForex takes a technical look at GBPUSD and EURGBP.
| GBPUSD: | Remains within bull channel but monitoring bearish wedge | |
| Resistance 3: | 1.477 (03/05 high, near upper boundary of bearish wedge) | |
| Resistance 2: | 1.474 (26/05 high, near monthly R1 and weekly r1) | |
| Resistance 1: | 1.4580 (prior support, 50% retracement of bearish outside day) | |
| SPOT | 1.4485 | |
| Support 1: | 1.4410/60 (23/05 low), weekly s1) | |
| Support 2: | 1.433 (16/05 low) | |
| Support 3: | 1.4285 (monthly s1, weekly s2, 29/02 trendline) |