FXstreet.com (Barcelona) - GBP/USD rally from 1.3985 low on Mar 4 has reached a top at 1.4190 to drop back later towards support line at 1.4135, which is proving strong enough, and the Pound remains neutral, above there ahead of the BoE interest rate decision.

According to the Mataf.net technical team, the Pound should continue moving in the current range: GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in 1,3990 / 1,4200 range.