FXstreet.com (Barcelona) - The Pound has extended its bounce from 1.6250 session low, returning to levels right above 1.6300 after National Statistics released that unemployment declined for the first time since May 2008.

GBP/USD decline from Tuesday's high at 1.6460 has found support at 1.6250 session low, and the pair has returned to 1.6300 area, to test 1.6310/25 area.

In case of breaking above 1.6310/25, next resistance level lies at 1.6345/55 (Jan 14/15 high), and then 1.6395 (intra-day level). On the downside, support levels lie at 1.6250 (session high/Jan 14 low), and below here, 1.6210 (Jan 15 low) and 1.6150.