FXstreet.com (Barcelona) - Sterling attempted to pick up fro 1.6325 low on Tuesday, after its retreat from 1.6490, but the pair has been caped, so far, at 1.6435 and trades right below 1.6400 at the moment of writing.

On a longer-term perspective, the Pound remains trading in a range roughly between 1.6300 and 1.6500 after its rally from October 13 low at 1.5705.

Initial resistance lies at 1.6435/50, and above here, 1.6490/00 (Oct 20 high) and 1.6530 (61.8 Fib retracement of the Aug-Oct fall). On the downside, initial support level lies at 1.6330/45 (Oct 20 low/intra-day low), and below here 1.6305 and 1.6280.

GBP/JPY remains moving in range below 149.30/40 resistance area and above 1.4750, consolidating after its rally from Oct 13 low at 141.15. Resistance levels lie at 149.40 and 149.55. Support levels are 148.10 and 147.45.

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