FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6156. Capped under 1.6200, pair is losing upside momentum after renewed failure attempt of break above that level. Still pair holds a slightly bullish perspective as long as above 1.6100/10 support area, as 20 SMA in the hourly chart has a slightly positive slope, as well as 4 hours one.
Indicators show some upside exhaustion pointing for a corrective movement before next up leg. Clear break under 1.6060 will deny further upside chances and likely turn the intraday trend bearish, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6110 1.6060 1.6010. Resistance levels: 1.6160 1.6195 1.6230.