GBP recovery stalls at 1.6835

Sterling reversal from 1.6875 high on Tuesday area was held at 1.6755 during U.S session, to bounce up and appreciate during Asian session, although the pair seem s to be stalled at 1.6835 area. Initial resistance level lies at 1.6835/45 (Session high Nov 9 high), and above here, 1.6875 (Nov 16 high) and 1.6950. On the downside, support levels lie at 1.6780 (session low) and below here, 1.6750/55 (Nov 17 low) and 1.6705.

GBP/JPY remains trading in a range from 149.10 and 150.35. Support levels lie at 149.00 and 148.20. Resistance levels lie at 150.45 and 151.15.

Sterling trend at long period was buy oriented, as well as sell now limit to take a profit.