GBP/USD frozen around 1.4660, awaits Brexit opinion poll

The GBP/USD pair is seen defending the bids over the past couple of hours, wavering back and forth in a tight range around 1.4660 region, with upcoming Brexit opinion poll results on sight.

GBP/USD remains capped below 1.4700

Currently, GBP/USD now trades modestly flat at 1.4661, with the downside capped by 200-DMA and upside restricted by 1.47 handle. The cable continues to trade directionless in a narrow as traders turn cautious ahead of a slew of final opinion poll results due to be published later today, just as we remain one day  away from the EU referendum.

Moreover, with extreme volatility expected in the event of a Bremain success or a Brexit win, markets prefer to remain on the side-lines and abstain from creating fresh positions in the major as well as in other GBP crosses.

GBP/USD Levels to consider

The pair has an immediate resistance at 1.4700 (round number), above which 1.4757 (daily R1) would be tested. On the flip side, support is seen at 1.4640 (200-DMA) below that at 1.4598 (5-DMA).