FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6141. Holding around past week close, Pound opened the week with hourly charts´ indicators slightly bullish; however pair holds under key 1.6160 area, also 20 SMA in current time frame, suggesting only a confirmation above that level could trigger some upside momentum in the pair.

Bigger time frames show still some bearish momentum losing strength: pair needs to break clearly under 1.6100 to extend the downside rally, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6100 1.6060 1.6020. Resistance levels: 1.6160 1.6200 1.6250.

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