GBP/USD hits 2-day lows but holds onto weekly gains

GBP/USD is staging a mild pullback on Friday, following four days of gains, despite yet another poll showing the “remain” vote in the lead in the Brexit referendum.

GBP/USD came under pressure and dropped nearly 90 pips throughout the day, sliding to a 2-day low of 1.4527 in recent dealings. At time of writing, Cable was trading at 1.4532, down 0.54% on Friday but still headed for a decent weekly gain.

GBP/USD levels to watch

As for technical levels, next supports are seen at 1.4520 (100-hour SMA), 1.4506 (20-day SMA) and 1.4395 (May 17 low). On the other hand, resistances could be found at 1.4662 (May 19 high), 1.4695 (May 2 high) and 1.4768 (May 3 high).