FXstreet.com (Barcelona) - Pound's decline from 1.6050 high on Tuesday found support on Wednesday at 1.5855 low, and the Pound rallied during U.S. and Asian sessions reaching back to session high at 1.6010, although resistance area at 1.6000 area has not been breached and the Pound trades at 1.5985 at the moment of writing.

Initial resistance levels lie at 1.6020 (Oct 175 high), and above here 1.6050 (Oct 6 high) and 1.6125 (Sept 30 high). On the downside, support levels lie at 1.5935, and below here, 1.5855 (Oct 7 low) and 1.5805 (Oct 2 low).

GBP/JPY bounced on Wednesday at 139.75 key support area, and rose to 142.00 to consolidate afterwards in a range from 140.90 to 141.60. Resistance levels lie at 141.60 and 142.00. Support levels lie at 140.90 and 139.65.

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