FXstreet.com (Barcelona) - The Pound, after having bounced at 1.4275 has reached levels above 1.4320 on Early European session, 1.4375 intra-day high comes on sight.

In case of successful squeeze above here, 1.4425 (Mar 26 low), and above here, next resistance could come at 1.4495 (27 Mar high). On the downside, below 1.4320 today's low at 1.4275, below here, 1.4225, and once below this level 1.4200 could be the closest support levels.

According to Tim Salem, collaborator at FXstreet.com 1.4313 is key in the upside: Price Action needs a clear Violation of 20SMA Confluence @ 1.4313 to continue and clip 1.4343 to have significant Favor in breaching 1.4376. A Continuation here then brings 1.4408 Static Resistance followed by 1.4435 and 1.4460 200SMA Confluence/Resistance which will be Upleg Completion from the 1.4100 Low.