FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.5924. Bearish momentum persist in the pair, after today's' BOE decision pass away being ignored by forex players. Budget deficit issues along with more Dubai credit turmoil had send pair to test the 1.5900 area, entering the Asian session barely above it. Hourly indicators show pair contained to the upside by 20 SMA, with indicators weak.
Bigger time frames remain bearish with 1.6000 as first key resistance level to watch. Only confirmations above 1.6060 area could revert current bearish perspective, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5900 1.5860 1.5820. Resistance levels: 1.5965 1.6000 1.6060.