FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6000. Holding to earlier upside strength, Pound is attempting to hold above the 1.6000 level, still with no confirmations of an upside continuation.
With hourly indicators turning lower and price action above 20 SMA still slightly bullish, only above 1.6030 resistance area pair could regain some bullish momentum, thus bigger time frames indicators look a bit exhausted to the upside, limiting rallies to the 1.6060 resistance zone, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5965 1.5920 1.5880. Resistance levels: 1.6010 1.6030 1.6060.