Cable finally finds support ahead of April-May uptrend

Technical Analysis

Author: Adam Button | gbpusd

GBP/USD flattens out

A Brexit poll showing the 'leave' side ahead has turned GBP trading on its head today. The pair was trading 1.4650 ahead of the headlines and has dropped as low as 1.4465 since.

The pair has bounced 20 pips as the day winds down. The low matched the trendline from the April-May lows.

If it wasn't clear before, it's crystal clear now that Brexit polls are all that matter in GBP trading.

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