FXstreet.com (Barcelona) - The Pound found support on Monday at 1.6520 on early European, and the Pair went through recovery during the U.S. and Asian sessions, reaching levels above 1.6630/40 area to hit session low at 1.6657 right ahead of the European session opening.

If the Pound confirms its move above 1.6630/40, it might find resistances at 1.6690/00 (Sept 10 high) and 1.6740 (Sept 11 high). On the downside, the Pound has found support at the 100 hour SMA at 1.6600/10. In case of further decline, next support levels lie at 1.6540 and 1.6520.

GBP/JPY decline from 153.15 high on September 10 found support on Monday at 149.90, to bounce afterwards, reaching a session high at 151.75 ahead of the European session opening. A the moment, the Pound trades at 151.50; 0.55% above its opening level. Next resistances lie at 152.00 and 152.90. Support levels lie at 151.35 and 150.45/50.

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