FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.6106. Testing the 1.6100 level, Pound lost previous days' upside momentum, and remains under 20 SMA in the hourly chart, with momentum pointing for further losses during current Asian session.
Still pair needs to break clearly under 1.6050/60 zone to confirm such continuation, and approach to the 1.6000 area. To the upside, 1.6250 remains as the key level to watch for a midterm upside rally, as is where we see the 200 EMA in the 4 hours chart along with a strong static resistance zone, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6060 1.6010 1.5970. Resistance levels: 1.6160 1.6200 1.6250.