The Sterling has been moving in a range from 1.5880 to 1.5940 during Asian trading session, after its decline from 1.6050 high on Tuesday, to weaken, ahead of the European opening, dipping below 1.5880 session low, to trade at levels around 1.5860 at the moment of writing. In case of consolidating below 1.5880, the Pound might find support at 1.5800 (Jun low/Oct 2 low)) and below there, 1.5770 (Sept 28 low) and 1.5755. On the upside, in case of an upward reaction above 1.5880, initial resistance area could be 1.5945/55 (session high/Oct 2 high), and above here, 1.6000 and 1.6050 (Oct 6 high). GBP/JPY decline from 1.4400 high on Monday, has extended during Asian session, as the Pound broke below 1.40.75 (Oct 2 low) to reach levels around 140.45 at the moment of writing. Next support levels lie at 139.75 and 138.95. On the upside, resistance levels are 141.55 ad 141.90.

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