FXstreet.com (Barcelona) - Sterling has reversed ahead of European session opening the slight decline posted during Thursday's Asian session, and at the moment the pound is setting an attack to the 1.4200 intra-day high after successful, bounce on 1.4135.

If 1.4200 resistance level gives way, next resistance level comes at the 1.4300 area. If the Pound breaks above here, at 1.4365/80, the Pound could find what it seems an important resistance area (Feb 26 and 27 high).

On the Downside, the Pound could react downwards and fall towards 1.4135 intra-day ow, and below here 1.4090/1.4100 area. If the Pound breaks below, 1.3990 will be on sight.