FXstreet.com (Barcelona) - The Sterling has been unable to break above 1.4770 resistance level on its rally from around 1.4450 low on Thursday, and has eased during Asian session, reaching levels above 1.4640 support zone ahead of the European session opening.

In case of further decline, below 1.4640, next support level could come at 1.4595/80 level (Mar 20 high), and once below here 1.4520.

On the upside, 1.4770 (Mar 24 high) seems an important resistance level, and once above here, the Pound would set a fresh 3 week high with next potential resistance levels at 1.4915 (Feb 10 high) and 1.4985 (9Feb high).

GBP/JPY has reached a at 147.85; 5 week high during Asian session, to drop afterwards to levels above 145.55.