Volatility rises on the Pound

The GBP/USD continues with high volatility due to all that has happened in the UK and what is about to happen. During this Thursday the pair was very volatile, but it does not take a clear direction on the daily chart and closes around the 1.4200 level. During this Friday, the GBP/USD rises and gets close to the 1.4400 level, where we can also see the 55 day exponential moving average, purple line. From the current levels, the Pound could come out in any direction and even though it has moved almost 400 pips in both directions, it has not taken a clear trend. To the downside, the 1.4000 level could continue acting as support.