FXstreet.com (Barcelona) - Sterling's recovery from 1.4515 low yesterday extends past 1.4620 resistance level at the European opening times.

If the Pound climbs above here, it could find resistance at 11.4690 intraday level, and above there, 1.4775 (Mar 24 high). On the way down, below current levels, next support stands at 1.4515 (Mar 25 low), then intra-week low at 1.4445 and 1.4390 (Mar 20 low).

According to Tim Salem, collaborator at FXstreet, above 1.4620, the Pound could continue rallying: Weekly 61.8% Fibonacci acting as dynamic Resistance @ 1.4619 and if breached, Price will find 1.4648 dynamic Resistance followed by 1.4680 static Resistance from the Swing-High Momentum Base @ 1.4516 Support. 2-SMA providing dynamic Support @ 1.4575, and a Downside Correction brings 1.4526/1.4516 Support next in line… followed by Basing activity @ 1.4465.