FXstreet.com (Barcelona) - The Sterling has reversed previous losses and has bounced up from 1.5000 to reach levels close to resistance area at 1.5090/15100 after U.S. ADP report released a lower than expected employment destruction in April.
In case of breaking above 1.5100, next resistance levels could be at 1.5160 (May 5 high), and 1.5190. On the downside, support levels lie at 1.5065 (Apr 16 high), and below there, probably on the 1.4990/1.5000 area.
GBP/JPY has rocketed more than 160 pips from levels around 147.55 to reach a fresh intra-day high at 149.35. Resistance levels lie at 149.70 and 151.50. On the downside, GBP/JPY could find support at 148.50 and 147.50.
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