British Pound managed last week to sustain drop where market managed to hold trades above support base 1.3950 – 1.4000.
Market went for fast demand for Pound at the end of last week and on market open this week on signs that votes for remaining UK in the EU is gaining momentum which spur demand for high yield currencies.
As we see over the chart, market facing resistance zone at 1.4700-70 which if managed to hold the advance of the market we may see a drop correction that may target 1.4350 zone.
Above 1.4770 market may sustain advance toward 1.4950, Orbex experts said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
