FXstreet.com (Barcelona) - The Pound seems to have found support at 4150 on its drop after having tested 1.4300 ahead of European session, 1.4300 seems to be a too hard level to take and for the second time on the week the Pound has dropped above 160 pips after testing it.

At the moment, the Pound seems to be building some bullish momentum and advances towards 1.4200/20 resistance area. Above here, the Pound would have set an intra-day bottom and could set another test towards 1.4300, and up from 1.4300, next important resistance level could be 1.4365/75.

On the downside, rejection from 1.4200, could drive to another test to 1.4150 and below there, a fresh intra-week low would be in place, and the Pound could fall towards 1.4135 (Feb 12 low) and 1.4090 (Feb 18 low).