It has been really quite a rally since I posted the chart of gbp/usd and it has manage to engulf the decision point and supply above around the 1.4750-60 area is not far away and If price manage to react from here and ignore this decision point completely then you can certainly look out for longs around the 1.4650 area, if price tests this area with purpose. Chart below is prime example that only price decide whether there is supply or demand and when it approaches and rally is too strong, we should be aware of such price patterns that don't care strong levels but look for reaction only when price manage to test when there is no subsequent demand or supply area left on the opposite side.
Alternative scenario of Gbp/usd if bias turns bullish from here
This scenario was not favored at all but we have to respect the sentiment and if Brexit referendum failed to reach any decision and Britain manage to stay in Eurozone (Which I think is the best outcome for global market), then pound sentiment will again turn strongly bullish but volatility will remain subdued and price will rally for sure. Just another thought process and waiting game to see how price behave at new high or higher low If demand remain protected.
