FXstreet.com (Barcelona) - After having remained consolidating between 1.6645 and 1.6745 for the last two days, the Pound is weakening sharply on early European session, dipping to levels right below 1.6600.

In case of confirming below 1.6600, next support levels lie at 1.6575 (Nov 25 low), and 1.6525. On the upside, initial resistance lies at 1.6645 previous support, and above here, 1.6725 session high and 1.6745 (Nov 25 high).

GBP/JPY decline from 1.4825 high on November 23 has extended during Asian session, as the pair lost more than 200 pips plunging to a fresh 6-week low at 143.85. Support levels lie at 143.85 and 142.77. Resistance levels are 146.25 and 147.00.

.