FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6353. Speculation about BOE removing QE, along with strong yearly inflations readings early Europe suggesting s sooner than expected rate hike, had keep Pound strong against major rivals, being in fact the only major able to made gains against greenback.
Hourly charts show slightly bullish indicators, while 20 SMA is losing momentum above current price. 4 hours charts had turned bearish, suggesting some downside corrective movement, that should hold above 1.6300 area to keep bullish bias intact. Above 1.6390, expect the pair to resume uptrend, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6330 1.6300 1.6250. Resistance levels: 1.6390 1.6410 1.6460.