GBP/USD on way to 1.4320 on Brexit polls? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that from a technical point of view, the 4 hours chart shows that the 20 SMA has extended its decline further.

Key Quotes:

"...is now approaching the 200 EMA, this last around 1.4490, while the technical indicators have corrected extreme readings, but remain near oversold levels, with no aims of turning higher."

"Renewed selling pressure below the 1.4400 level, should lead to a steeper decline on Friday, towards the 1.4320 price zone. " Support levels: 1.4400, 1.4360 and 1.4320, Resistance levels: 1.4470, 1.4515 and 1.4550."

"Sentiment towards the Pound has turned negative after the release of the last batch of Brexit polls, showing an increasing advance in intentions to vote for "leave" in the upcoming referendum, sentiment that will likely prevail."