FXstreet.com (Barcelona) - Pound's decline from 1.6730/45 week highs has extended during Asian session from levels around 1.6530 to levels right below 1.6300 hitting a fresh 3-week low at 1.6270; 1.4% below its day-opening price action.

The Pound is on a sharp downside trend, and deep into oversold territory, next support levels lie at 1.6290 (50% fib retracement of the Oct Nov rally), and below here, 1.6250/60 (Nov 3, Oct 26 low) and 1.6200. Resistance levels lie at 1.6460 (recent lows), and above here, 1.6535 (session high) and 1.6575.

GBP/JPY decline has extended during Asian session to levels below 140.00, and the pair has reached a fresh 7-month high at 139.30. Support levels lie at 139.85 and 139.33. Resistance levels are 142.00 and 143.12.

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