FXstreet.com (Barcelona) - The Pound bounced strongly from 1.6260 low on Tuesday, right above key resistance area at 1.6240/50, taking back all the ground lost previously reaching levels several pips above Monday´s high at 1.6480.

If the Pound consolidates above 1.6480, next resistance levels would be 1.6535, and above here, 1.6570/80 (Oct 30 high) and 1.6600 (Oct 29 high). On the downside, support levels lie at 1.6400 session low, and below here, 1.6345/50 and 1.6325 (Nov 2 low).

GBP/JPY bounced on Tuesday from 146.35 and the pair rallied during U.S. and Asian sessions to break above the roof of the current week's channel at 149.00, hitting a fresh intra-week high at 149.35 ahead of the European session's opening. Resistance levels lie at 149.70 and 150.10. Support levels are 147.70 and 146.95.