FXstreet.com (Barcelona) - Pound rallied on Tuesday from 1.6320 to a fresh 2-week high at 1.6585 on U.S session, fuelled by rising stock markets and gold prices above $1,000 an ounce. During Asian session, the Pound pulled back, although the pair bounced back at 1.6485 to reach levels above 1.6550 ahead of the European opening.
Initial resistance area lies at 1.6585 (Sept 8 high), and above here, 1.6620 (Aug 21 high) and 1.6665 (Aug 13 spike high). Support levels are 1.6485/00 Asian session low, and below here, 1.6415 (Sept 3 & 4 high) and 1.6375 (Aug 28; Sept 1 high).
GBP/JPY bounced on Tuesday at 151.35 low and the pair has appreciated during Asian session to reach levels right below 153.00 ahead of the European opening, with next resistance level at 153.25 and 153.65. On the downside, support levels are 152.30 and 152.00.