FXstreet.com (Barcelona) - The Pound continues declining against the Dollar, drop from 1.4582 intra day high, extends below 1.3955 (Mar 2 low), and the pair enters in the lowest levels seen since Jan 26.

On its way down, next resistance level comes at 1.3800, and below there 1.3680 and Jan 23 low at 1.3488. On the upside the pound would have to pick up above 1.3990 in order to attempt mar 5 and 6 low at 1.4035, and above there, intra-day high at 1.4182.

The EUR/GBP has rallied about 120 pips on the back of a widespread Pound weakness, and from intra-day low at 0.8950, the Pound has broken resistance level at 0.9074 (Feb 12 high), and if the pair manages to hold above here, the way towards 0.9130 (Jan 14 high) would be clear.