FXstreet.com (Barcelona) - The Pound has reversed previous losses on early European session, and supported by better than expected Euro Zone Data, the Pound has extended recovery from 1.6420 session low, to levels past 1.6500 erasing Asian session's losses.

The Pound has encountered resistance at 1.6500 area, and above here, next resistance levels could be located at 1.6525, Asian session high and 1.6570: On the downside, support levels are 1.6420 intra-day low, and below there, 1.6375 (Aug 19 low) and 1.6325 (Aug 18 low).