FXstreet.com (Barcelona) - The Pound has found support at 1.4514 on its decline from 1.4661 opening price, and the pair has recovered some of the lost ground to reach 1.4550 on Early European session.

Next resistance level could be at 1.4600, and above there 1.4660 and 1.4770 (Mar 24 high). On the downside, below 1.4515, next support levels could lie at 1.4440 (Apr 23 low) and 1.4395 (Apr 22 low).

Below 1.4515, Carol Harmer, analyst at Charmer Charts warns about a sellers pushing the Pound lower: Now if there is no reprieve and sterling breaks the 1.4576 support sellers will abound and gleefully force the market lower with 1.4521 the immediate target. This will not be enough though to quench the sellers thirst. They will be looking to push this lower with 1.4390 then 1.4350 looking to be their targeted area.

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