FX : GBP/USD: Pound continues declining; dips to 1.6305 low
FXstreet.com (Barcelona) - Pound's decline from last Friday's high at 1.6625 has dropped from Tuesday's high at 1.6445 to 1.6305 Asian session low, to bounce to levels at 1.6350 at the time of writing.
Initial support for the Pound lies at 1.6305 intra-day low, and below there, 1.6275 (Aug 17 low) and 1.6200. On the upside, resistance levels lie at 1.6400, and above here, 1.6445 (Aug 25 high) and 1.6525.
GBP/JPY decline from 156.85 high on August 24, has extended to 153.10 on Asian session, and the pair has bounced to 154.10 before easing to levels at 153.75 ahead of the European session opening.
