GBP/USD: consolidating massive Bremain poll gains at 1.4700

GBP/USD is consolidated, taking a respite from all of the upheaval in the Brexit news, polls and sentiment.

It seems markets are a little warn out and positioned in favour of a Bremain result with sterling rallying from 1.4083 to 1.4717 highs and similar moves across the board. 

Update on latest Brexit poll results: 'Remain' camp still overall winner

We now have Yellen testifying starting tomorrow as next catalyst before the EU referendum where results will be released in the Asian shift and possibly in the early hours of the European market where a Brexit would weigh heavily on sterling, but a Bremain result likely to offer some volatility, but supportive overall to the pound. 

GBP/USD levels

GBP/USD's 200 dma at 1.4686 is proving a hard area to break away from to the upside  but a move through there with closes on 1.47 targets the recent highs of 1.4739/68. Analysts at Commerzbank suggested that supports below the psychological 1.46 and 1.45 handles come as 1.4455/1.4417 ahead of 1.4333." Only below here will cast attention back to the 1.4014 low. Above 1.4768 we have the 1.4813/32 2013 lows and the 1.4905 55 week ma."