FXstreet.com (Barcelona) - The Pound has gathered strength ahead of the European session opening and the pair is launching another attack at 1.6530 resistance after having remained trading sideways in a range from 1.6430 to 1.6530 after its decline on Sept 15 from 1.6660 high.

In case of consolidating above 1.6530, next resistance levels would come at 1.6555 and above here, 1.6610. On the downside, support levels lie at 1.6490, and below here, 1.6400 (Sept 15 low) and 1.6380 (End Aug/Start Sept highs)

GBP/JPY bounced on Wednesday at 1.4865, two-month low, and the Pound reached resistance area at 1.5055, which remains intact so far. In the 4 hr chart, the Pound remains trading downwards since decline from Sept 10 high at 153.15. Resistance levels are 150.55 and 150.20. Support levels lie at 149.60 and 148.55.

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