Fxstreet.com (Buenos Aires) - After being on hold waiting for BOE's decision, the fact that monetary policy remained unchanged in the U.K., finally send GBP to the upside, following risk appetite rally across the board, and remains strongly bullish at the 1.6700 area. Clearly bullish and with strong upside momentum in daily charts, 4 hours charts are showing some signs of exhaustion, suggesting a downside correction that should remain short lived, before next leg up. Supports for the pair come at the 1.6660/70 zone, followed by 1.6635 and 1.6600; above 1.6742, today's high, next resistances come at the 1.6780 level, followed by 1.6830.
GBP/JPY turned to the downside as yen remains the strongest major across the board. Quoting around 151.70, supports for the next hours come at 151.25, 150.70 and the 150.20 area. Resistances on the other hand lie at 152.20, 152.75 and 153.30.