FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6353. Pair bias has turned quite positive after current daily candle opening above the descendant trend line coming from 1.6872, past November 17th high. Bullish strength persists despite some divergences in momentum indicator in the hourly chart.
4 hours charts show a healthy tone, while pair remains above a bullish 20 SMA in both time frames. Early Europe, CPI data y/y, could be key for the Pound, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6330 1.6300 1.6250.Resistance levels: 1.6380 1.6420 1.6480.