FXstreet.com (Buenos Aires) - After reaching an intraday high of 1.6842, GBP/USD remains consolidating above key 1.6740 weekly high reached by the end of June and early September, now first support to consider ahead of next trading hours. Quoting around 1.6760, pair holds a bullish perspective, after correcting exactly a 61.8% of the daily rally at 1.6700, next support to consider. Under that level, rally could extend to the 1.6640/60 area, and still remain corrective.

Consolidating at the hourly 20 SMA, resistances for next hours are located at 1.6800 area, ahead of past Monday high of 1.6842; above that level, sentiment could trigger further upside rallies with next resistance at the 1.6880, ahead of 1.6950 area.