FXstreet.com (Barcelona) - After some hesitation below 1.4300, the Pound has rocketed through that level rallying 100 pips towards 1.4360 resistance after news of Obama seeking new stimulus measures to reactivate ailing financial system.

With this rally, the pound has confirmed a bottom at 1.4163 and its testing 1.4360 at the moment of writing. Above this level, the Pound could get on the way towards the area between 1.4425 and 1.4450. On the downside, the Pound should test support at 1.4300 and if that level givves, next suppotrt could be at 1.4240