FXstreet.com (Barcelona) - After having remained consolidating in a range from 1.6470 to 1.6510 during most of Asian session, the Pound has weakened to levels around 1.6450.

Initial support lies at 1.6425 (50 SMA in daily chart), and below here, 1.6390 (61.8 Fib Jul/Aug move) and 1.6340/35 congestion area. On the upside, initial resistance lies at 1.6525 /Aug 11 high) and above here, 1.6555 and 1.6585.

GBP/JPY decline from Friday's high at 163.08 has extended to levels below 158.00 during Asian session, and the pair dipped to 2-week low at 157.00. Support levels lie at 157.80 and 157.60. Resistance levels are 159.00 and 159.45.

.