FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6489. Pound remains close to past Friday's lows, with a bearish perspective coming from hourly indicators: break under 1.6460 likely to trigger further falls, as 20 SMA above current price holds an interesting bearish slope.
However, 4 hours indicators show some signs of exhaustion to the downside, suggesting some upside movement first: if contained under 1.6520/50 resistance area, pair likely to quickly returned to the downside, while above those levels, corrective movement could extend to the 1.6600 area, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6460 1.6410 1.6380. Resistance levels: 1.6520 1.6550 1.6600.