FXstreet.com (Barcelona) - The Pound has broken above 1.4375 resistance level and therefore, above the ranging trade of the last two days, approaching 1.4400 on its way to Mar 26 low at 1.4425.

On its way up, above 1.4425, the Pound could find resistance at 1.4495 (27 Mar high), and above here, probably at the 1.4520/40 area. On the downside, support levels could come at 1.4375 previous intra-day high and below here, 1.4275 intra-day low, and 1.4225.

The GBP/JPY has bounced up at 140.60 ahead of the European opening session, and trades 200 pips higher approaching previous intra-day high at 142.90.