FXstreet.com (Barcelona) - The Pound has bottomed at 1.4835 on its decline from 1.49800, and the pair is picking up to levels around 1.4900 ahead of the U.S. session opening.

Next resistance levels come at 1.4920 and above there, intra-day high at 1.4980 and above there, 1.5065 (Apr 16 high). On the downside, 1.4835 and below there, 1.4770 (Apr 24 high) and 1.4700 (Apr 30 low)

According to the Swiss e Trade Strategy Team, The Pound will not break above 1.4920 level: We project further down movements to come in today's hours, to a support level of 1.4780 from where a bid tone can emerge again, but not above 1.4920.

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