FXstreet.com (Barcelona) - GBP/USD has bounced off 1.4835 and to rally about 140 pips to test intra-day high at 1.4980 so far just several pips below two-week high at 1.4980 reached in Asian session, and recovering all the ground lost during the European trading session.

Resistance levels lie at intra day high at 1.4980 and above there, 1.5065 (Apr 16 high) and 1.5080/90. On the downside, support levels lie at 1.4885, and below there, 1.4770 (Apr 24 high) and 1.4700 (Apr 30 low)

GBP/JPY has taken back lost ground and from European session low at 147.30, the pound has returned to levels close to 1.4910 intra-day high. Resistance levels lie at 148.80 and 149.83. Support levels lie at 147.70 and 147.10.

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