FXstreet.com (Barcelona) - GBP decline extends further on U.S. session opening times: The Sterling has lost about 140 pips so fast from 1.4117 to drop as low as 1.3985 at the U.S. session opening times.
The Pound has broken the upward trending support line it has been trading on from Mar 12 low at 1.3700. Volatility has increased somewhat, and the hourly bias has swifted to bearish.
If the Pound fails to remain above here, next support levels come at 1.3925 (Mar 12 high), and 1.3890 (Mar 15 low)
Once below here, next support levels come at 1.3840 and 1.3800. On the upside, the Pound should break through 1.4040 and 1.4100, before jumping above 1.4100 and return to the bullish path.