Fxstreet.com (Buenos Aires) - GBP/USD regained the 1.6500 level after spending most of the last session under that level. However, 1.6520 capped further rally and pair retreat from there. Still in consolidating stage, bias for the pair remain unclear ahead of Asian session, thus slightly bullish in the short term, as long as 1.6470 support holds the downside.
Daily charts on the other hand, point for further losses ahead, as momentum is close to cut the 100 line upside down, while price remains under 20 SMA acting as dynamic resistance level today around 1.6600. Also clear, pair is moving inside a small inverted triangle, with the roof at 1.6600, while base of ascendant trend line lies around 1.6450 strong static level.