FXstreet.com (Barcelona) - The Pound has remains on range at low levels after Monday's decline. After having reached a fresh 6-week low at 1.3742, the Pound has been moving between support line at 1.3750 and 1.3850. Attempts to break above 1.3850 have been rejected so far.

However, the negative outlook of the U.S. Dollar might support some recovery on the Pound; If the Sterling manages to gain 1.3850, next resistance level to attack would be 1.3990/140; on the downside, below 1.3750, the Pound could decline towards 1.3680 (Jan 26 low).