Bulls now need a break above 1.4636 (38.2% of 1.5930-1.3835+ symmetrical triangle resistance), preferably on day end closing basis as that would open doors for a re-test of May 3 high of 1.4770.
The likelihood of such a move is high given a nice rebound from hourly 200-MA has kept the rising bottom formation intact on the as -
- The larger falling has been breached as well. 21-day and 55-day have confirmed a crossover earlier this month.
Hence, as of now it looks like only a sudden spike in "exit" vote in Brexit polls could rattle GBP.