FXstreet.com (Barcelona) - The Pound halted yesterday its strongly bearish move at 1.4135, to remain trading within the current week's channel, from mentioned 1.4135 to 1.4320.

At the moment the GBP is setting an attack to the week high 1.4320. success above here would put the cross on its way to next resistance level at 1.4350 before 1.4400.

Nicole Elliott, senior technical analyst at Mizuho Corporate Bank warns about the possibility of a spike low: Stopped dead in its tracks, trying to form an interim low, hopefully around retracement support but maybe we shall have to live through a nasty 'spike low'.