FXstreet.com (Barcelona) - The Pound has strengthened during the European session and, after having bottomed at 1.5075, Sterling has returned to the previous trading range, above 1.5100 approaching 1.5165 resistance level.

On the way up, resistance levels lie at the mentioned 1.5165 (May 5 high) and above there, 1.5190 and then 1.5370 (Jan 8 high). On the downside, 1.5065 (Apr 16 high) and 1.4980/90 (May 6 low); below there, 1.4945 (Apr 30 high).

GBP/JPY recovery from 146.95 low yesterday has extended on European session above 150.00 on rally from levels above 149.00. Next resistance levels lie at 151.50 and 151.75. Support levels lie at 149.90 and 149.60.

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