FXstreet.com (Barcelona) - Sterling's recovery from Monday's low ay 1.5770 was capped on Wednesday at 1.6125 and the Pound has been dropping during U.S. and Asian sessions, reaching levels at 1.5925, session low so far.

At the moment, the Pound attempts to pick up, trading at 1.5960. next support levels lie at 1.5925 (intra-day low/Sept 25 low), and below there 1.5880 and 1.5800 (Jun 8 low). Resistance levels lie at 1.6110 (End August, start September lows) and above here, 1.6200 and 1.6350.

GBP/JPY upside movement from Monday's low at 139.75 has stalled at 144.50 high on Wednesday, and the pair has entered into a sideways channel from 142.80 and 144.00. Resistance levels lie at 144.00 and 144.50. Support levels are 142.80 and 142.05.

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