FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6277. Regaining some upside strength, pair tested the 1.6200 level past Friday yet returned back above strong 1.6250 zone. With indicators pointing for further upside movements, more clearly in the 4 hours charts, break above 1.6300 area, 20 SMA flat in the hourly chart, could signal further upside pressure to come in next sessions.
Watch for an acceleration above 1.6350 area, past week high, to trigger further momentum in the pair, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6250 1.6200 1.6160. Resistance levels: 16300 1.6350 1.6380.