GBP/USD attempts to consolidate above 1.4700

By FXStreet GBP/USD consolidates daily gains above 1.4700 during the American session, despite a sharp turnaround seen in other major pairs over the last minutes.

GBP/USD reached its highest level in 3 weeks at 1.4728 before losing steam and settling near highs. At time of writing, the pair is trading at 1.4710, recording a 0.35% advance on Wednesday.

Latest IG/Survation Brexit poll results underpinned the pound as it showed the remain was ahead with 44%, against 38% to leave and 18% undecided.

GBP/USD technical levels

As for technical levels, next resistances could be found at 1.4768 (May 3 high), 1.4783 (200-day SMA) and 1.4800 (psychological level). On the other hand, supports are seen at 1.4600 (psychological level/May 25 low), 1.4517 (21-day SMA) and 1.4472 (May 24 low).
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Source:: FX Street