The pound showed a sharp drop because of the publication of an ICM survey in relation to Brexit. The data of the latest surveys showed that the number of people wishing to leave the European Union increased to 45%, while the number of those who are “against”, dropped to 42%. The reaction of investors was immediate – the number of long positions in the pair GBP / USD has dramatically reduced.
GBP/USD technical analysis and forecast on June 2
The pound has shown volatility, we were talking about: as the referendum approaches, the movement of the pair gets unpredictable. The RSI on the four-hour chart is testing the support, and it is expected that it’ll rebound from it. The GBP / USD forecast for 06.02.2016 envisages quotes consolidation near the lower boundary of the rising channel. Perhaps the “bulls” on the pound regain some lost ground.
