FXstreet.com (Barcelona) - The Pound is going through a sharp recovery from intra-week low at 1.6115 reaching levels almost 300 p¡ps above, as the pound trades at intra-week high, testing 1.6400 level.

In case of further appreciation, the Pound might find resistance at 1.6445 (Aug 25 high) and above here, 1.6505. On the downside, below 1.6375 previous week-high, the Euro could find support at 1.6330 (Aug 31 high) and below here, 1.6300 (Sept 2 high) and 1.6235 intra-day low..

According to the Kshitij Consultancy Service Team, above 1.6440/70 resistance, the pair could target 1.71: A break of this Resistance zone would next target 1.71 with brief Resistances at 1.66 and 1.68.

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