Forex: GBP/USD: The Pound at session high, testing 1.6600
FXstreet.com (Barcelona) - Pound's rebound on 1.6390 on Wednesday has extended to levels above 1.6500 and the pair rose past Thursday high at 1.6555 to test 1.6600 level ahead of the European session opening.
If the Pound confirms breach of 1.6555 resistance, next key level lies around 1.6620, uptrend line from March low, and above here, 1.6660 (Jun 3 high). On the downside, below a.6555, next support level comes at 1.6480 (intra-day low) , and below here, 1.6430 (Aug 10 and 11 low) and 1.6390 (Aug 12 low).
GBP/JPY decline from 163.10 high on Friday found support at 155.95 low on Wednesday, and the Pound has picked up reaching level approaching 160.00 at te time of writing. Resistance levels are 159.75 and 160.20. Support levels are 158.95 and 158.05.
