FXstreet.com (Buenos Aires) - GBP/USD has bounced back above 1.6300, and struggles with 1.6330 area, that remains being the resistance level to breach before correction could extend to next strong zone around 1.6400. Due to strong bearish sentiment, expect the pair to resume downtrend if that area is reached, rather than a break higher to 1.6440, now turned into strong resistance zone.

Wall Street remains close to daily lows, so we expect dollar to hold strength against major rivals despite greenback's overbought condition particularly against European currencies.

GBP/JPY continues pushing lower unable to regain the 154.00 level. Supports in the pair come at 153.45 today's low, ahead of stronger 153, weekly ascendant trend line, coming from past January lows of 118.78 that should halt the fall and offer a bounce before pair resumes downtrend. Above mentioned 154.00 zone, 154.60 is next resistance level to consider.

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