FXstreet.com (Barcelona) - The Pound rose on Tuesday from 1.6390 low, to recover all the ground lost on Monday and hit 1.6650 intra-week high before easing during Wednesday's Asian session, below 1.6600 approaching 1.6550 level ahead of the European session opening.

Support levels at the moment, lie at 1.6500, and below here, 1.6460 (Nov 20 low) and 1.6380/90 (Nov 30/Dec 01 lows). On the upside, resistance levels lie at 1.6650 (Dec 1 high), ad above here, 1.6700 and 1.6725 (Nov 26 high).

GBP/JPY uptrend from 1412.05 low on Monday extended on Tuesday to reach a fresh intra-week low during Asian session at 144.80, which has capped the Pound twice. Resistance levels lie at 144.80 and 145.75 (Nov 2 low). Support levels are 143.65 and 142.95.