FXstreet.com (Barcelona) - Pound's recovery from 1.5895 low on Thursday has extended on Monday's Asian session, with the pair rallying to 1.6110, right at Friday's post-NFP spike high, before pulling back to 1.6075 area ahead of the European opening times.
At the moment, the Pound is looking bullish on hourly charts, with next resistance levels at 1.6110 (Jan 8 high) and above here 1.6135 (trendline resistance from Dec 3 high) and 1.6155 (Jan 5 high). On the downside, support levels lie at 1.6060/70 (Jan 4 low/ Jan 6&7 high) and below here, 1.6045 and 1.6005.
GBP/JPY rally from 146.00 low on an 6 found resistance last Friday at 149.50, and the Pound pulled back to 148.05 to consolidate during Asian session, trading at levels between 148.25 and 148.85. Resistance levels lie at 149.00 and 149.45. Support levels are 148.00 and 147.05.