FXstreet.com (Barcelona) - The Pound continues its free-fall initiated on early European session, on a reaction down from 1.4600, the Pound has already given more than 250 pips breaking intra-week low at 1.4360.

The Pound is moving down fast and it has entered well into overbought territory. Next support levels below 1.4300 remain at 1.4212/24, and below there, 1.4125/35 support would come into play.

On the upside the pair could bounce at 1.4300 to try to regain previous intra-week low at 1.4360 if the pair could hold successfully above there , 1.4460 would be the following resistance level to take.