FXstreet.com (Barcelona) - After be rejected by the 1.4230 resistance level (Mar 5 high) in the early American session, the GBP/USD has been traded between 1.4130 and 1.4050 flat channel, currently, the pair is trading around the 1.4060/1.4080 band, again below the 1.4100 point.

According to Valeria Bednarik, FXstreet.com collaborator, the GBP momentum is flat: GBP reaches as far as 1.4230 (200 EMA in 4 hours chart) before rebounding to the downside. Loosing quickly ground with enough volume in the movement, momentum is turning flat while CCI is ready to break the 0.00 line, which will bring more bearish to the pair. 200 EMA remains flat, should turn to give further clues.