FXstreet.com (Barcelona) - The Pound seems unable to take advantage of recent Dollar weakness, and the Sterling remains trading between 1.6000/20 area, on the upside, and, 1.5900 support. During Asian trading hours, the Pound has has appreciated from 1.5925 to 1.6005 high although, rejected from the latter level, sterling eased to 1.5975.
Resistance levels lie at 1.6005/20, and above here 1.6125 (Sept 30 high), and 1.6200. On the downside, support levels are 1.5925 session low and below here, 1.5880 and 1.5770 (Sept 28 low).
GBP/JPY recovery from Friday's low at 140.75 was capped on Monday at 144.00, and the Pound retreated to hit a session low at 1.4200. At the moment of writing, the Pound trades at 142.55. Resistance levels lie at 143.05 and 143.95. Support levels are 142.25 and 142.75.