FXstreet.com (Barcelona) - The Pound is going through a sharp upward moving trend since hitting 127.12 on Feb 9, so far rising past resistance level at 137.35, reaching 139.65 so far.

The Pound continues growing, once past 1.3735 resistance level (Feb 9 high) reaching the highest levels since January 9, next resistance levels ahead are 140.10 (Jan 8 and Jan 9 high) and above them, 141.50 (Jan 7 high). The pair is getting into overbought territory, and some consolidation or even a slight decline towards 137.35 or a visit to intra-week low art 136.26 might take place.