FXstreet.com (Buenos Aires) - GBP/USD remains capped by the 1.6500/20 area, unable to define a trend. To the downside 20 SMA in 4 hours charts is also limiting falls at 1.6450 area, yet general bias remains bearish for the pair, after another failed attempt to break above 1.6600, where 20 SMA in the daily is making the pair retreat.

Another failure at such level, will turn the pair quite negative for the week ahead;candle opening under 1.6450 could trigger some downside momentum in the pair, with next support at 1.6410. Only break above 1.6520 will open doors for further rises to the 1.6550 area.

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