FX : GBP/USD: Pound extends reversal from 1.6130, approaching 1.6300
FXstreet.com (Barcelona) - The Pound is gathering strength moments ahead of the European session opening, extending reversal from fresh 2-weeks low at 1.6130 hit on Monday to reach session high at 1.6285 at the moment of writing.
On the upside,m, the Pound might find resistance at 1.6345, and above here, 1.6400 (Sept 15 low) and 1.6430, (Sept 16 low). On the downside, support levels lie at 1.6190, and below here, 1.6155 (trendline support off July lows) and 1.6130 (Sept 21 low).
GBP/JPY rebound from 148.05, 3-week low, was capped at 149.60, and the pair declined during U.S. and Asian sessions to 148.70 low on Tuesday. At the moment, the Pound attempts to re-gain 149.00 level. Resistances lie at 149.60 and 149.95. Support levels are 148.60 and 148.05.
