FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6548. Having bottomed around 1.6520 support zone, pair is attempting some upside corrective movement, supported by hourly indicators, yet still bearish after breaking the 1.6600 level.
4 hours charts show pair has a strong downside momentum while halted exactly at 200 EMA; we need a clear break under that 1.6520/30 area, to see the pair extending the downside. Key resistance level for next hour lies at 1.6620, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6520 1.6485 1.6460. Resistance levels: 1.6570 1.6620 1.6660.