FXstreet.com (Barcelona) - The Sterling dropped on Monday from 1.6300 to an intra-day low at 1.6180 and bounced up during U.S. trading session, to hitting 1.6330 high; The Pair consolidated on Asian trading times in a range from 1.6250 to 1.6300, and is ticking up, ahead of the European session, to test 1.4330 Monday's high.

In case of confirmation above 1.4330, next resistance area lies at 1.6380 (Aug 28 high), and above here, 1.6400 and 1.6440 (Aug 25 high). On the downside, support levels lieat 1.6255 session low, and below here, 1.6180 (Aug 31 low) and 1.6150 (Aug 27 low).

GBP/JPY decline from 153.60 high on Friday found support on Monday's Early European session at 150.05, and the Pound appreciated ever since to reach levels right above 152.00 at the time of writing. Resistance levels are 152.20 and 153.05. Support levels are 151.10 and 150.50.

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