FXstreet.com (Barcelona) - The Pound is dropping sharply after rejection at 1.4230 resistance level (Mar 5 high). GBP USD has dropped about 140 pips so far dropping below 1.4100 support level, to test support level at 1.4070.

In case of dropping g below 1.4070, next support level comes at 1.4040 (Mar 5 and 6 low), below there 1.3980 (Mar 3 low). Once below here, next support level would come at 1.3888 (Intra-day low).

On the upside, 1.4100 and 1.4180 levels should be broken before setting another attempt to break intra-day high at 1.4230, and above there, buying pressure could increase, sending the pair up towards Mar 6 high at 1.4305.