FXstreet.com (Barcelona) - The Cable has extended its losses after be rejected by the 1.4300 resistant level and right now is trading below the 1.4100.

The GBP/USD has fallen around 220 pips from the 1.4306, March high, to the 1.4075, today's minimum, and the momentum looks bearish and oversold for the pair. Currently, Cable is trading around the 1.4075/95 band.

If the bearish movement is confirmed, the pair could go down to try to break the 1.4030, yesterday's low, the 1.4000 down line and below that, the 1.3955 as monthly low.