FXstreet.com (Barcelona) - GBP/USD is gathering strength, and supported as EUR/GBP declines sharply and the Pound's rebound on 1.5925 intra-day low has extended above 1.6000, reaching a session high at 1.6120.

If the Pound consolidates above 1.6010, next resistance levels lie at 1.6200 and 1.6350. On the downside, support levels lie at 1.5925 (intra-day low/Sept 25 low), and below there 1.5880 and 1.5800 (Jun 8 low).

EUR/GBP upmove from Wednesday's high at 0.9075 has been capped at 0.9175 on early European session, and the Euro has returned below 0.9100 giving away all the ground taken previously, Support levels are 0.9075 and .9025/35. On the upside, resistance levels are 0.9140 and 0.9210.