FXstreet.com (Barcelona) - The Pound, after been rejected by 1.4360 yesterday, has given away about 90 pips dropping to levels above 1.4265; 27 Mar low. The Pound remains above the 20 SMA in the hourly chart and, at the moment of writing, the Sterling crawls towards intra-day level at 1.4320.

Above 1.4320 the Pound could face resistance if it reaches intra-week high at 1.4375, and once above here, buying pressure could increase, in that case 1.4425 (Mar 26 low) would be on sight. On the Downside, today's low at 1.4275, below here, 1.4225, and once below here 1.4200 could act as support levels.

GBP/JPY rally from 135.70 (Mar 30 low) seems to have capped at 1.4285 on today's Asian session, and the Pound has eased back towards 140.60 intra-day low. At the moment of writing, ahead of the European opening bell, the Pound trades some 100 pips above intra-day low, testing 141.80/90 level.