GBPUSD is in the middle of rectangle ahead of a Brexit vote
On the GBPUSD daily chart, we can see that the pair is trying to break above the 1.2900 level to go for a test of 1.3100 level. The pair is in the middle of the rectangle with the strong support for an upside swing at 1.2700 level. A daily close below the 1.2700 level would lead to a downside pullback into the 1.2400 again.
Note: stay away from the long trade entries until you see a daily close above the 1.3100 level. A confirmed daily close below the 1.2700 level will be needed for the short trade entries.
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