FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6292. Despite greenback strong upside momentum across the board, Pound was able to hold part of past days' strength, and has lost very few ground against dollar, still holding above key 1.6250 support zone. Slightly bullish in the hourly chart, pair needs to regain 1.6310 area to be back on the rum as it has already overcome the 20 SMA in the hourly chart.
Bigger time frames are also slightly bullish, supporting the bias. If 1.6250 gives up however, expect the pair to extend the fall during next sessions, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6250 1.6200 1.6160. Resistance levels: 1.6310 1.6340 1.6390.