Fxstreet.com (Buenos Aires) - Supported by rising stocks, GBP/Usd recovered above key 1.6550 zone, addressing to next resistance level at 1.6600 level, ahead of stronger 1.6660/70 zone. Slightly bullish in 1 hour charts, pair remains stuck in range, thus in a clear ascendant trend in daily charts.

1.6550 has turned into strong support now, followed by 1.6520, and the daily low around 1.6480. under that, 1.6440 daily ascendant trend line will be key to sustain the longer term bullish bias. Weekly close above 1.6660 or under 1.6440, not seen at this point, will define the pair movements in the midterm.