FXstreet.com (Barcelona) - The Pound has launched a rally through 1.3850 resistance level reaching to test next resistance at 1.3900, ahead of U.S. stock markets opening.

The Pound has rocketed through 1.3850 to touch 1.3900 and draw back somewhat. If the Pound manages to rally through 1.3900, next resistance line comes at 1.3955 (Mar 2 low) and above here, 1.4035 (Mar 5 and Mar 6 low).

On the downside, once below 1.3850, the Pound decline towards 1.3750, and below here 1.3685.