FXstreet.com (Buenos Aires) - Despite dollar fall across the board, GBP/USD remains unable to break above key 1.6040 level, as bearish trend remains strong in the pair. Quoting around 1.6000, hourly charts indicators point for some upside recovery ahead thus limited for the mentioned Fibonacci level.

Clear confirmations above 1.6040, could trigger some upside momentum and send the pair close to next key resistance area at 1.6110 that should offer a strong downside rebound if reached. Under 1.5970 pair will regain the downside with today's low as next key level to watch at 1.5915.