GBP/USD: Sterling rockets to 1.49 handle

Today is a crucial day for the future of Europe and the European Union as we know. Regardless of the choice of voters in Britain one thing is clear - Europe and the UK will not be the same. Election Day came and l hope Britons to judge righteously.

The latest polls show that the “Remain” campaign is leading with 4% based on surveys conducted yesterday. GBP/USD was trading in narrow range, around the levels from previous session and the sterling marked slight increase against the dollar.

Right after the release of the data from the latest poll, the pair leaped to fresh highs to record highest level since December 2015.
As seen on the H4 chart, GBP/USD broke through the first resistance located at $1.46825 and now is flying towards the key level at $1.49, where is located the next resistance. Support levels are located at $1.4370 and $1.14088.
The pair is staying above 20, 50 and 100-day MA, which is showing continuation of the upward movement and meanwhile acting as supports.
The stochastic and RSI are indicating overbought conditions, but still favor the bulls.

                                Chart: GBP/USD H4