While there is a possibility for United Kingdom to leave the European Union, this pair have been having bearish tendency. Still there would be more volatility for GBPUSD if Mark Carney announces negative comments regarding the UK economy. It fell yesterday testing the 1.4150 area and it may continue its decline for today as well.
Now the support lies at 1.4121 and resistance at 1.4136. Considering the Ichimoku indicator, the price is in the Ichimoku Cloud and above the Chinkou Span. The Kijun-sen is signaling a horizontal trend while the Tenkan-sen is showing downward trend. RSI and MACD are both indicating strong sell signal. Buyers can give themselves a rest while seller target 1.4080 and 1.4000 soon.
https://fxglory.com/technical-analysis-of-gbpusd-dated-16-03-2016/
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