FXstreet.com (Barcelona) - GBP/USD decline weighed by weak retail sales seems to have capped some pips above 1.4515 (25 Mar low) and the Pound is gathering some upside momentum approaching intra-day level at 1.4575.

In case of convinced recovery, the Pound, once above 1.4575, could launch another assault to intra-day high at 1.4635, and once above there, 1.4690, and 1.4775 (Mar 24 high). On the downside, below 1.4515 (Mar 25 low), next support could come at 1.4450 (Mar 23 low), and then at 1.4390 (Mar 20 low).

GBP/JPY dropped from 143.55 intra-day low below 143.25 level to hit a session low at 142.60 and turn up to test 143.25 again. At the time low writing the Pound remains testing the mentioned level.