FXstreet.com (Córdoba) - Cable is consolidating gains across the board on Wednesday. GBP/USD jumped to 1.6636 posting the highest price in five weeks. From there the pair pulled down finding support at the 1.6575 zone. If the pair rises further Cable could face resistance at 1.6640 and above at 1.6665 (Aug 13 high) and 1.6720 (Aug 10 high).
The Sterling is accumulating an increase of more than 900 pips since last week and continues to rise after bottoming at 1.5709 (4-month low) on October 13.
GBP/JPY is consolidating above 150.00. The pair rallied to 151.55 posting a 5-month high. Currently the pair trades at 151.08/15, 1.75% above today's opening price.