FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6630. Extending past week bullish rally, pair already reached a fresh high at 1.6655 before giving up some ground; however, hourly indicators remain bullish, as well as bigger time frames ones, suggesting more upside to come in the pair for the next sessions, as long as above 1.6600 static support zone.
Pair needs to hold above the 1.6520 support level to keep the bullish bias intact; break under that zone, while likely signal deeper correction ahead, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6600 1.6550 1.6520. Resistance levels: 1.6660 1.6690 1.6735.