FXstreet.com (Barcelona) - The Pound has reversed in late European session most of the ground gained during Asian trading hours, breaking support line at 1.4050 to test 1.3990, intra-day low.

Rejection to take 1.4135 resistance line has brought the bears back and the Pound has dropped about 150 ips and is testing support level at 1.3990. Failure to remain above here would open the doors for 1.3955 (mar 2 low) and below there the Pound could advance towards 1.3850 (Jan 26 low).

Ion the upside, next resistance level would be 1.4060, and above there, 1.4136, if the pair could remain above here, next mve up would test 1.4175.