FXstreet.com (Barcelona) - The Pound has recovered during Monday's Asian session, following bounce at 1.4395 on Friday, to test two-weeks low at 1.4598 at the time of writing, ahead of the European markets opening time.
Successful move above 1.4598 will put the Pound on the track towards 1.4660 (23 Feb high). And in case this level gives way, 1.4700 (5 Feb high / 9 Feb low would come next). Above here, watch for 1.4770 (Feb 6 high/ Feb 8 low).
Hourly and three hour charts show the Pound at overbought territory, therefore, an slight drop could be likeÃ±ly, in that case, intra-day low at 1.4450 would be the level to watch before 20 March low at 1.4390.. below there, 1.4338 (Mar 18 high) and 1.4230 (Mar 16 high).