The British pound continued to recoup the losses from earlier this month, and the rebound from 1.5327 looks poised to gather pace as price action crosses back above the 38.2% Fibonacci retracement from the 2009 low to high around 1.5680-1.5700. At the same time, the GBP/JPY looks poised to test the 20-Day SMA at 121.59 following the sharp rebound in the relative strength index, and the pound-yen may threaten the downward trend from earlier this year as the rally from 116.82 gathers pace.