FXstreet.com (Barcelona) - The Pound's first attempt to break 1.4600 resistance level has rendered unsuccessful, and the pair is drawing a rejection candle extending towards 1.4490 minor resistance level.
Below there, Asian session low remains at 1.4450, and once broken that level, the Pound could find support at 20 March low at 1.4390. Below there, 1.4338 (Mar 18 high) and 1.4230 (Mar 16 high).
According to Valeria Bednarik, collaborator at FXstrret.com, failure at 1.4600 could open the doors for a corrective move: Although Cable Sentiment maintains cleaner Momentum in its' dynamic Uptrend Channel. RSI still relatively clean @ 65's, and a breach of the Channel Topside sees the 1.4600 Handle. Failure at immediate-resistance sees a correction to 20EMA Supporting Confluence @ 1.4497/1.4484 Area, looking further to 1.4457 followed by 1.4407/00 Support handle.