FXstreet.com (Barcelona) - GBP/USD rejection from 1.4780 resistance level, tested ahead of the European session opening has driven the Sterling about 150 pips lower to 1.4635 yesterday low, and the Pound seems to be picking up from that level.

On the upside, the Pound could find intra-day resistance at 1.4720, and above here, 1.4750 and then 1.4780 intra-day high. On the downside, 1.4635 seems a strong support level, and below there intra-week low at 1.4575 and 1.4560 (100 day moving average).

GBP/JPY rejection at 147.95 level seems to have found a bottom at 146.30 level , and the Pound remains trading between there and 147.00.