FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6702. Pound recovery extended to the 61.8% retracement of the last daily fall yet still remains capped under static resistance level 1.6740. Hourly indicators had lost momentum but price remains above 20 SMA that holds a strong bullish slope, while 4 hours charts indicators also turned lower, suggesting only a clear acceleration above mentioned level could send pair back up.
First support comes at the 1.6660 area, while only clearly under 1.6620 pair could trigger further downside movements, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6660 1.6620 1.6570. Resistance levels: 1.6740 1.6800 1.6840.