The pound is looking for support after a better-than-expected PMI suggests economic resilience.
The latest sharp sell-off came from the psychological level of 1.4000, also a major resistance on the daily chart. Its breach could revive the thirteen-month-long uptrend.
As for now, an oversold RSI has prompted some short-covering. 1.3810 is the immediate support to test the strength of rebound.
Further down, 1.3720 will need to see solid buying interest to save the chance of a reversal.
