The Pound bounced strongly from 1.6260 low on Tuesday, right above key resistance area at 1.6240/50, taking back all the ground lost previously reaching levels several pips above Monday´s high at 1.6480.
If the Pound consolidates above 1.6480, next resistance levels would be 1.6535, and above here, 1.6570/80 (Oct 30 high) and 1.6600 (Oct 29 high). On the downside, support levels lie at 1.6400 session low, and below here, 1.6345/50 and 1.6325 (Nov 2 low).
GBP/JPY bounced on Tuesday from 146.35 and the pair rallied during U.S. and Asian sessions to break above the roof of the current week's channel at 149.00, hitting a fresh intra-week high at 149.35 ahead of the European session's opening. Resistance levels lie at 149.70 and 150.10. Support levels are 147.70 and 146.95.
GBP/USD (Nov 04 at 07:35 GMT)
H 1.64882 L 1.6398
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.6336 | 1.6377 | 1.6418 | 1.6432 | 1.6473 | 1.6514 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Nov 04 at 06:55 (15-minute timeframe) |
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