FXstreet.com (Barcelona) - Sterling's decline from 1.7000 high last week found support at 1.6390 on Thursday, to bounce afterwards, reaching 1.6665 high. During Friday's Asian session, the Pound eased to levels right below 1.6600.
On the upside initial resistance level lies at the mentioned 1.6600, and above here, 1.6660/65 (Aug 13 high) and 1.6720 (Aug 10 high). On the downside, support levels lie at 16550 (Asian session low) and below here, 1.6500 and 1.6430 (Aug 10 low).
GBP/JPY rebound on 155.90 low on Thursday, was capped at 160.35 high on U.S. session, and the Pound dropped to consolidate during Asian session in a range from 1.5635 and 1.5840. Resistance levels lie at 158.40 and 159.80. Support levels are 157.35 and 156.00.