FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6418. Pound is falling big after GDP downward previsions, accelerating after breaking past week low of 1.6460, now turned into first resistance level to consider.

Rally seems overextended from a technical point of view, yet if risk aversion extends after Nikkei opening, pair likely to extend the fall to the 1.6250 area, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6380 1.6330 1.6250. Resistance levels: 1.6460 1.6500 1.6550.