FXstreet.com (Barcelona) - The Pound has withdrawn 200 pips in European session times, breaking support level at 1.4500; at the moment of writing the Pound is trying to pull up from 1.4395. If this level gives 1.4320 would be the next point to look at.

Bollinger bands are rising and the Pound could well attack 1.4500. The Swiss e Trade Strategy Team does not foresee the Pound over 1.4500 in the short-term: Cable moved further up in late Asian and early European trading to a high of now 1.4520. We see the 1.4550 resistance level being tested soon, where we expect first a setback at 1.4480, and then a sideways market between 1.4520 and 1.4480.