FXstreet.com (Barcelona) - The Pound continues heading down against the Dollar. Sterling has dropped from 1.4400 at the start of the European session breaking resistance at 1.4200 and is trying to bounce up from 1.4130.

In case of failure the Pound could aim to 1.4060 (61.8% Fibonacci retracement level from the upward move from 1.3500 to 1.4986). Below here 1the area around 1.3920 would be on focus.