FXstreet.com (Barcelona) - The Pound has weakened considerably dropping about 200 pips from 1.4770 high reached on Friday to levels below 1.4600 ahead of European session opening.

At the moment, the Pound trades 0.70% below its opening level at 1.4560 with next support levels at 1.4535 (Apr 23 pivot level) and below there 1.4440 (Apr 23 low) and 1.4395 (Apr 22 low). On the Upside, resistance levels lie at 1.4600, 1.4660 and 1.4770 (Mar 24 high).

GBP/JPY has also weakened on Monday's Asian session with the pair trading around 140.45, reaching below last week's low at 140.60, and 1.0% below its opening level . Next support levels stand at 138.55, and below there, 136,75. Resistance levels stand at 140.60 and 141.05.

For more information, read our latest forex news.