FXstreet.com (Barcelona) - The GBP/USD recovery from Monday's 5-week low at 1.3955 has been capped at 1.4135 resistance level and the Pound, after failing to remain above there, has dropped some 70 pips to support level at 1.4050/60 area.

The Pair is now trying to recover from 1.4060, failure to do so will bring 1.3955 back into the scene, although the Swiss e Trade Strategy Team does not observe a high downside risk for today: Cable recovered further, in low volatility during late Asian and early European trading, reaching a high of 1.4150 but trading back at 1.4090 currently. We do not expect much of a downside risk today, probably only a test of the 1.4050 level, from where further upmoves will set in, towards the 1.4190 mark.