FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6264. Pair remains ranging since past week in a 200 pips area, with no clear definitions at this point, yet with Pound holding some strength after higher than expected inflation reports early Tuesday. However, current candle opening had turned indicators down, while 20 SMA remains bearish despite under current price.
Pair needs to break above 1.6330 past Mondays' high to extend the upside, while confirmations under 1.6200 likely support some falls for next hours, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6200 1.6160 1.6110. Resistance levels: 1.6250 1.6330 1.6380.