FXstreet.com (Barcelona) - Pound's decline from 1.7000 on Friday, resumed on Monday, as the pair lost almost 300 pips dropping from 1.6720 to 1.6430 to pick up during Asian session,approaching 1.6500 level ahead of the European session opening times.
Initial support level comes at intra-day low 1.6430, and below there, 1.6400 and 1.6335 (Jul 30 low). On the upside, resistance levels lie at 1.6520 Asian session high and above there, 1.6555 and 1.6585.
GBP/JPY sell off on Monday dropping from levels around 162.90 high to reach 158.90 low on Asian session, giving away all the ground gained on Friday, before bouncing up to reach 159.70 at the time of writing. Resistance levels are 160.20 and 161.40. Support levels lie at 159.00 and 158.80.
GBP/USD (Aug 11 at 07:14 GMT)
H 1.6525 L 1.6445
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.6405 | 1.6446 | 1.6487 | 1.6512 | 1.6553 | 1.6595 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Aug 11 at 07:10 (15-minute timeframe) |
[ View GBP/USD Technical Studies ]
