FXstreet.com (Barcelona) - GBP/USD continues depreciating from 1.4780 high reached last week. After a 250 pip decline on Friday, the Pound closed at 1.4320 to drop further in Asian session reaching levels at 1.4180 at the moment of writing.

On the Downside, the GBP/USD could find support at 1.4160 (19 Mar low) and, if below there, next support could stand at 1.4085 (61.8% Fib retracement of the 11-24 Mar rise). Below here, 1.4040 (18 Mar high vol.)

In case of an upward reaction, above current levels, next resistance lies at 1.4230 (Mar 16 high) and 1.4260 (Mar 27 low); once below here, the Pound could walk the path towards intra-day high at 1.4295.

GBP/JPY is plunging fast, after an attempt to recovery on Friday, bouncing from 139.00, the Pound reached a top at 140.40 on early Asian session to reach levels below 137.00 at the time of writing.