USD/JPY: Dollar rejected at 97.85; back to range

The Dollar has been rejected at 97.85 level on its bounce from 97.10 low in Asian session and the pair has returned into previous trading range at levels between 97.10 and 97.65.

Support levels lie at 97.35 and intra-day low at 97.10, if the Dollar breaks below there, next support lies at 96.40/60 (Apr 29 and intra-day lows). On the upside, next resistance lies at 97.85 intra-day high, and above there, 98.00/05 and 98.25/35 (May 7 and 8 low).

GBP/JPY rally from 146.40 intra-day low has peaked at 149.50 on European session and the Pound has pulled back afterwards to levels right below 149.00. Support levels lie at 14810/15 and below there, 147.75/80. On the upside, resistance levels lie at intra-day low 149.50 and 150.15/20.