FXstreet.com (Buenos Aires) - GBP/USD regained the upside mounted on rising stocks and reached 1.6520 resistance zone. Extreme oversold conditions in smaller time frames suggest some downside correction before a new leg up, that should find support at 1.6480 and 1.6440.

Under this last, further raises are denied, and pair could approach again to 1.6400 area. Above mentioned 1.6520, next resistance levels come at 1.6550 and 1.6600.

.