FXstreet.com (Barcelona) - The Pound is weakening ahead of the European session opening and, after having climbed to 1.6475 Asian session high, sterling has dropped like a stone to test 1.6400 level, which so far remains intact, as the Pound bounced to 1.6425.

The pair has found support at 1.6400 area so far, and, in case of further weakening, next support levels could be 1.6360 and 1.6245 (Oct 19 and 26 lows). On the upside, initial resistance lies at 1.6775 session high, and above here, 1.6550 and 1.6695 (Oct 23 high).

GBP/JPY dropped from Friday's high at 151.70 high to test 146.00 level on early Asian trade, to pick up along Asian session to reach 148.50 high. Resistance levels lie at 148.50 and 149.10. On the downside, support levels lie at 147.75 and 146.80.

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