FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6575. Pair remains under the 1.6600 level, capped at this time by 200 EMA in the hourly chart. With indicators a bit exhausted yet with 20 SMA strongly bearish, upside corrective movements should remain capped by the 1.6600/10 area to keep the bearish perspective intact.
1.6480 static support zone is the key level to watch to the downside, as an acceleration trough it, will likely trigger more selling in the pair; only clearly above 1.6650, bearish intraday trend will tumble, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6550 1.6520 1.6480. Resistance levels: 1.6610 1.6650 1.6680.