GBP/USD off highs, returns to 1.4660

The buying interest remains alive around the sterling today despite GBP/USD has now abandoned the area of daily highs around the 1.4700 mark.

GBP/USD bid ahead of referendum

Spot keeps its bullish bias intact so far this week, backed by poll results showing the ‘Remain’ option is still leading the voting intentions albeit by a very thin margin.

In the meantime, the pair is up nearly seven cents since last week’s lows in the 1.4000 neighbourhood, although cautiousness is expected to start swelling as the referendum gets closer.

Nothing worth mentioning data wise in the UK ahead of tomorrow’s critical event, whereas another testimony by Chair J.Yellen is due later in the NA session, seconded by US Existing Home Sales.

GBP/USD levels to consider

As of writing the pair is gaining 0.08% at 1.4666 and a break above 1.4781 (high Jun.21) would open the door to 1.4815 (2016 high Jan.4) and finally 1.4948 (high Dec.25). On the other hand, the immediate support lines up at 1.4453 (20-day sma) followed by 1.4447 (55-day sma) and then 1.4358 (100-day sma).