FXstreet.com (Barcelona) - The Pound's recovery move from 1.3980 pocketed already 100 pips and the pair has set an assault towards the 1.4090 resistance level.

If the mentioned level gives way, the Pound could continue climbing towards 1.4135/50 area, above here, the GBP/USD bias could change ant the path would be clear towards1.4180/90 and 1.4245.

According to the Swiss e Trading Strategy Team, the Pound could test 1.4150 today: Cable still remains in its bottom building process, caught in a narrow range between 1.4100 and 1.4000, currently in a slight upmove and priced now at 1.4070. We see the 1.4100 resistance level being broken in today's trading, with the market eventually testing the 1.4150 mark.