FXstreet.com (Barcelona) - After rejection from 1.4025 Asian session high, a bearish reaction has triggered, and the Pound is dropping fast, having broken previous intra-week low at 1.3960; cable advances south towards 1.3885 Mar 15 low.

In case of breaking below 1.3885, next support level would come at 1.3835 (Mar 11 and 12 high), and then 1.3800; below here, support level at 1.3700 would come into focus.

On the upside, the Pound should get above previous week low at 1.3964, and then above 1.4020, to get back to previous session's range. Above 1.4070, the pound would be on the way to yesterday's high at 1.4140.