FXstreet.com (Barcelona) - The Pound remains moving within a slightly downward consolidation trend after having topped at 1.6125 on September 30, as the pair broke, below Thursday's low at 1.5920 to hit 1.5885 session low and return above 1.5900 later on. At the moment of writing, the Pound trades at 1.5925.

The Pound is trading now at 1.5925 area (Oct 1 low), and in case of successful breach above here, the pair will return to the past two days range with next resistances at 1.6025 (Oct 1 high) and 1.6200. Support levels lie at 1.5880, and below here, 1.5800 (Jun 8 low) and 1.5770 (Sept 28 low).

GBP/JPY has started to point downwards in hourly charts, as pullback from 144.50 (Sept 30 high) extended below support level at 142.80 to test Sept 29 low at 142.05. Support levels at the moment, lie at the mentioned 142.05/00 and 141.35. Resistance levels are 143.25 and 144.50.

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