FXstreet.com (Barcelona) - Impressive rally performed by the Pound, after having bounced at 1.4325 level yesterday on early U.S. session, the Sterling has pocketed above 300 pips reaching levels around 1.4640.

On the upside, next resistance levels could appear at 1.4725/35 (Mar 25 high), and once above there, 1.4780 Mar 24 high). If the Pound manages to break that level, it will set a fresh 7-week high.

GBP/JPY has rocketed from 140.55 low yesterday past 1.45.00 (Mar 26 high) to reach levels around 146.00, 5-week high.