FXstreet.com (Barcelona) - Pound is rising at a fast and strong pace in early European session and the pair has gained 170 so far rallying from 1.3900 to the 1.4070.

Up from 1.4040, next resistance level comes at 1.4100 and above there, intra-week high at 1.4125, then 1.4235 and a seemingly strong resistance level at 1.4300 (Mar 6 high).

On the downside, support levels come at 1.3980, and below there 1.3920 if the pair falls below here, 1.3860 and 1.3800.