FXstreet.com (Barcelona) - The Sterling continues its recovery, it has broken 1.4090 resistance area ahead of the U.S. session opening bell and advances at a strong pace towards resistance area at 1.4135.
The Cable has already gained more than 100 pips from 1.3980 low in Asian session, the Pound is gaining strength and approaches 1.4135. Above here, next resistance level would be 1.4215 and then 1.4255/65.
On a longer term, the GBP/USD, past 1.4090, has broken above the downward trending resistance line off Feb 25 high at 1.4606. Above 1.4135 the Pound would confirm a base at 1.3990 and the bias would change from bearish to neutral.