The market is anticipating a "Bremain", not a "Brexit". And because the pound has been pressured by brexit fears, it is now gaining across the board as this fear subsides. This has been the theme this entire week. And we will know the result soon today (6/23).GBP/USD Daily Chart 6/23(click to enlarge)Price Bottom: As we can see on the daily chart, GBP/USD first bounced off a support pivot at 1.4050 last week. Then, it surged this week to complete the 2016 price bottom. At this point, the market has mostly reversed the pricing in of Brexit from the pound. Volatility: Therefore, even if the vote is against the Brexit, we should be wary of volatility in both direction for the pound, not just up. But if there is such volatility after a vote to remain, we should consider buying on a dip unless that dip is able to push below 1.44. So, if price approaches 1.44, I would consider a great place to buy with upside to at least 1.50. Targets: With a break above 1.4670, GBP/USD has opened up the 2015 highs around 1.59. The short-term, and more conservative targets are 1.50 then 1.52. I suspect that price will be sticky around this 1.50-1.52 area if attention shifts towards the FOMC's rate hike campaign, which should pick up again later this year, perhaps around August (before the September meeting).