FXstreet.com (Barcelona) - The Pound seems to be picking up from intra-day's low at 1.4575 reaching levels above 1.4650 on the back of Darling's speech; The Pound trades, at the moment, at 1.4690, close to next resistance level at 1.4700.
If the Pound reaches above 1.4700 (Apr 21 high) next resistance level stands at 1.4745/55 (Apr 23 high/ Apr 19 low) and above here, 1.4840. On the downside, 1.4640 and 1.4575 (intra-day low), below here 1.4515.
According to the Mattf.com technical team, would be rather unlikely for the Pound to reach above 1.4740: GBP USD is in a range between 1,4440 and 1,4740. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,4440 / 1,4740 range.
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