FXstreet.com (Barcelona) - Pound's recovery from Jan 7 low at 1.5895 reached 1.6195 high on Monday before pulling back to 1.6060 resistance turned support, and the pair bounced on Asian session, reaching levels above 1.6100 at the moment of writing.

The pair is slightly bullish on hourly charts, with next resistance levels at 1.6030 session high, and above here, 1.6095 (Jan 11 high) and 1.6240 (Jan 4 high). On the downside, initial support lies at 1.6060/70 (Jan 4 low/ Jan 6&7 high), and below here, 1.6045 and 1.5955.

GBP/JPY reversal from Monday's high at 149.60 has extended to 147.65 low on Asian session, and the pair bounced up, reaching 148.50 area at European opening times. On a wider perspective, the pair remains consolidating roughly between 148.00 and 149.50 after bouncing from 146.00 low on January 5.

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